Egypt will implement a second phase in its sustainable economic development with the launch of the second part of the Private Sector Development and Economic Diversification Support Program. With a $170 million loan from the African Development Bank (AfDB) for 2024-2025, the Egyptian government continues to prioritize sustainability and social inclusion as pillars of its growth strategy.
This initiative highlights the country’s commitment to diversifying its economy by promoting key sectors such as manufacturing, agribusiness, and renewable energy. Furthermore, Egypt is leading structural reforms aimed at formalizing informal businesses, facilitating foreign direct investment, and strengthening small and medium enterprises led by women, thus promoting greater economic equity.
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The first phase of the program, executed in 2023-2024, was widely praised for its success in improving the business climate and stimulating private investment. Now, Egypt aims to expand these achievements with a strategic focus on ecological transition, job creation, and infrastructure development that will position the country as a regional leader in economic sustainability.
Egypt’s leadership is also reflected in its ability to collaborate with international partners such as JICA and EDCF, ensuring strong financial backing and efficient implementation of reforms. This approach has allowed the country to effectively integrate environmental sustainability with economic development, reducing carbon emissions and adopting innovative circular economy practices.
“Egypt is demonstrating visionary leadership by combining sustainability with inclusive growth,” said Abdourhamane Diaw, head of the AfDB office in Egypt. With this initiative, Egypt not only strengthens its economy but also sets a model for other African countries seeking to combine economic development with social justice and environmental responsibility.
