The Ministry of Planning, Economic Development and International Cooperation announced that the tourism activity (restaurants and hotels) recorded a remarkable growth rate of about 19.3% during the fourth quarter of the fiscal year 24/2025, contributing to the sector achieving the highest annual growth rate for the fiscal year 24/2025 of about 17.3%.

The ministry attributed this to increased investments directed towards tourism infrastructure, expanding hotel capacity, improving service quality, and adopting innovative operational and marketing methods; which reflected in attracting more than 17 million tourists during the year with a growth rate of 16.4%, alongside a 16.3% rise in the number of tourist nights to reach about 179 million nights during the year.

Several economic sectors witnessed notable growth rates during the year including financial intermediation activity at 12.16%, transport and storage at 7%, insurance at 5.6%, electricity at 5.3%, social services at 4.7% including health and education, and construction at 4.1%, reflecting the diversification of sources of growth in the Egyptian economy in line with the state’s vision to diversify the economic structure and boost development rates across all sectors.

Dr. Rania Al-Mashat, Minister of Planning and International Cooperation, confirmed that the Egyptian economy continued its strong recovery during the fourth quarter of the fiscal year 2024/2025, recording a growth rate of 5%, the highest in three years; bringing the annual growth rate to 4.4%, reflecting the resilience of the Egyptian economy in facing external shocks. This comes against the backdrop of policies supporting macroeconomic stability and adherence to public investment governance adopted by the state, in addition to implementing policies and procedures within the framework of the national structural reform program.

Al-Mashat pointed out that the growth rate exceeded initial expectations, driven by the strong performance of non-oil manufacturing industries, tourism, communications, and financial intermediation, reflecting an economic model based on the most productive sectors with the greatest ability to access export markets, benefiting from the advanced infrastructure that represents a supportive base for manufacturing and investment, as detailed in the “National Narrative for Economic Development: Policies Supporting Growth and Employment” launched on September 7.