Egypt’s Economy Grows 5.1% as Motor Vehicle Manufacturing Surges

Egypt’s economy recorded growth of 5.1%, Planning Minister Ahmed Rostom said, highlighting a sharp expansion in motor vehicle manufacturing.

Rostom said the marked improvement in the performance of productive sectors had directly benefited strategic industries.

Motor vehicle manufacturing grew by about 50%, he said, pointing to a major increase in the sector’s output.

The minister presented the automotive sector’s expansion as an example of how stronger production was translating into gains for key industries. The figures cited did not specify the reporting period.