Egypt to launch new economic narrative on Sept. 7

Egypt will launch its new National Narrative for Economic Development on Sept. 7, Planning Minister Rania Al-Mashat said on Tuesday, outlining a framework aimed at reinforcing reforms, attracting investment and expanding the role of the private sector.

The plan, reviewed at the weekly Cabinet meeting, is built around five pillars: macroeconomic stability, foreign direct investment, industrial development and trade, labour market flexibility, and regional planning to localise growth, Al-Mashat said.

She added the framework was drawn up in coordination with ministries and agencies to align Egypt’s Vision 2030 strategy with the government’s current programme, amid regional and global economic challenges.

The narrative sets out an economic model centred on tradable and export-driven sectors and seeks to redefine the role of the state to improve competitiveness. It also translates reform priorities into quantitative targets within a macroeconomic outlook through 2030.

Cabinet officials said the framework will be opened to public debate over the next two months, with specialised sessions bringing together experts and stakeholders to review its objectives.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser