Egypt unveils second economic narrative, eyes 7.5% growth by 2030
Egypt has completed the second edition of its economic development narrative, with a wider focus on boosting human development, private sector investment, and overall economic growth, its planning minister said on Tuesday.
Rania Al-Mashat announced the narrative during a weekly press conference with Prime Minister Moustafa Madbouly.
The second edition, dubbed the National Narrative for Economic and Social Development, follows a broad community dialogue involving over 100 experts, research centres, universities, business groups, and international organisations, whose input helped shape the policies.
The narrative places human development and social justice at its core, the minister said, emphasising that citizens are the central focus and main driver of development. It seeks to achieve an economic transformation that improves living standards, strengthens productive sectors, and increases export competitiveness.
Under the new edition, the key targets include 7.5 per cent GDP growth by 2030, raising the private sector’s share of total investment to 72 per cent, increasing manufacturing’s share of GDP to 20 per cent, agriculture’s contribution to 17.7 per cent, and attracting 30 million tourists annually.
The plan integrates an executive programme with clear performance indicators for all ministries, alongside a National Programme for Structural Reforms, which mobilised $9.5 billion in concessional financing between 2023-2026 to support the budget and enhance economic stability. More than 50 ministries and state agencies are coordinating to implement the reforms.
Al-Mashat said the narrative also incorporates lessons from the Global Conference on Health, Population, and Human Development, focusing on healthcare, education, food security, and social equity, while encouraging private sector participation and entrepreneurship across the country.
“The second edition of the narrative reflects our commitment to a sustainable, citizen-focused economic model, balancing growth with quality of life,” she said.
Attribution: Amwal Al Ghad English