Egypt's new administration sets sights on 4% GDP growth by 2026

Posted on July 18, 2024   |  

Egypt's Prime Minister unveiled a new cabinet's three-year plan during a special session in the House of Representatives.

The government will address critical challenges in economic and security areas.

Spanning from 2024-2025 to 2026-2027, the program focuses on 4 main pillars: national security, foreign policy, citizen well-being, and economic competitiveness.

Goals include achieving a 4.2% growth rate, with an average exceeding 5% over the 3 years.

The plan aims to increase green economy investments to 55% of total public investments by 2026 and boost private investments to 60-65% of the total.

Egypt also aims to grow annual foreign direct investments by 14% by 2030, increase exports by more than 15% annually, and attract 30 million tourists by 2028.