Wednesday, 01 December 2021 10:28 GMT

Egypt records economic growth rate jump to 5.4 percent


(MENAFN) Egypt has seen its economic growth rate surge to 5.4 percent over the last five years, as the country seeks a 7 percent increase to be reached in the upcoming years, President Abdel-Fattah al-Sisi unveiled.

The statement has been made by the Egyptian president in a televised statement marking the fifth anniversary of "June 30 Revolution".

President Sisi hailed the growth, saying it was "an eternal day in Egypt's history," highlighting that it transformed the country's path from evil and terrorism to security, peace and development.

Sisi stated "Egypt's foreign currency reserves rose from about 15 billion U.S. dollars in 2013 to 44 billion dollars at present, the highest ever in Egypt's history."

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