Egypt targets $20b in FDI, $140b in exports by ’30

The Egyptian government aims to attract foreign direct investments (FDI) exceeding $20 billion and to boost export volumes to over $140 billion by 2030, Prime Minister Mostafa Madbouly has told reporters.

He emphasised that achieving these goals is possible through streamlining investment regulations and offering various incentives.

In addition to the 2030 targets, the Minister of Finance is expected to finalise a tax incentive package by the end of this month, which will support broader efforts to enhance Egypt’s investment climate. Furthermore, Minister of Investment and Foreign Trade Hassan El-Khatib will introduce additional incentive packages aimed at boosting foreign direct investment.

Looking ahead, Egypt’s 2050 ministerial plan focuses on sustainable economic growth. This plan outlines strategies for improving key sectors such as renewable energy, infrastructure, and industry to ensure global competitiveness. Additionally, Madbouly highlighted the government’s commitment to strengthening the nation’s industrial capabilities and creating more job opportunities for Egyptian youth.

Attribution: Egyptian Cabinet

Subediting: M. S. Salama