Egypt's GDP Growth at 4.3% in Second Quarter vs 2.3% a Year Earlier

Residents of Ezbet Hamada in Cairo's El Matareya district peer from their balconies to celebrate a mass break-fast, "Iftar" during the holy fasting month of Ramadan in Cairo, Egypt, Saturday, March 15, 2025. (AP)
Residents of Ezbet Hamada in Cairo's El Matareya district peer from their balconies to celebrate a mass break-fast, "Iftar" during the holy fasting month of Ramadan in Cairo, Egypt, Saturday, March 15, 2025. (AP)
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Egypt's GDP Growth at 4.3% in Second Quarter vs 2.3% a Year Earlier

Residents of Ezbet Hamada in Cairo's El Matareya district peer from their balconies to celebrate a mass break-fast, "Iftar" during the holy fasting month of Ramadan in Cairo, Egypt, Saturday, March 15, 2025. (AP)
Residents of Ezbet Hamada in Cairo's El Matareya district peer from their balconies to celebrate a mass break-fast, "Iftar" during the holy fasting month of Ramadan in Cairo, Egypt, Saturday, March 15, 2025. (AP)

Egypt's GDP growth rate increased to 4.3% in the second quarter of its 2024/25 year compared with 2.3% in the same period a year earlier, the planning ministry said on Wednesday.

GDP grew along with total investments, though public investments were below 40% of the total. Several sectors supported growth, including non-oil manufacturing activity, which was up by 17.74%, and tourism activity, which surged 18%. The fiscal year began on July 1.

Some sectors contracted in the second quarter of fiscal 2024/25, including the Suez Canal, where activity fell by 70%.

Extraction activity growth fell 9.2%, on the back of oil extraction activity, which slipped 7.6% and gas by 19.6%.



Saudi Arabia Boosts Food Security

An agricultural farm in Saudi Arabia (SPA)
An agricultural farm in Saudi Arabia (SPA)
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Saudi Arabia Boosts Food Security

An agricultural farm in Saudi Arabia (SPA)
An agricultural farm in Saudi Arabia (SPA)

Saudi Arabia is accelerating efforts to strengthen food security, a strategic objective rooted in the Kingdom’s founding and shaped by its desert geography and limited water resources.

As part of its Vision 2030, the Kingdom has placed food security among its top priorities, implementing a national strategy to boost local production and promote long-term agricultural sustainability.

The agricultural sector’s contribution to GDP rose to SAR114 billion ($30.4 billion) in 2024, up from SAR109 billion ($29 billion) the previous year, according to the latest Vision 2030 annual report.

Government support, particularly through the Agricultural Development Fund, has fueled the sector’s growth. Agricultural loans increased by 54% between 2018 and 2024, reaching SAR5 billion ($1.33 billion).

Saudi Arabia has achieved higher self-sufficiency rates across several key products. Domestic production in 2024 included 2.95 million tons of fruit, 3.38 million tons of vegetables, 1.83 million tons of grains, 399,000 tons of eggs, 2.7 million tons of milk, 274,000 tons of red meat, 1.15 million tons of poultry, 217,000 tons of fish, and 8,500 tons of honey.

Aquaculture has seen significant growth, with fish production rising from 40,000 tons in 2016 to over 246,000 tons in 2024, driven by investments in sustainable technologies and marine projects. Saudi Arabia is positioning itself as an emerging regional hub for aquaculture.

The Kingdom’s progress reflects its long-term commitment to food security, supported by initiatives to enhance supply chains, stimulate private sector investment, and advance research and innovation in modern farming technologies. Authorities say the achievements so far signal Saudi Arabia’s ability to continue advancing toward self-sufficiency in a more resilient and sustainable agricultural environment.