Egypt’s Minister of Planning and Economic Development, Ahmed Rostom, said gross domestic product (GDP) would reach 6.8 per cent by fiscal year 2029/2030.
The minister made the remarks during a discussion session on the fourth day of the Egypt Forum 2026 on Friday, which focused on the government’s National Economic Transformation Programme.
He highlighted targets to accelerate economic growth, reduce inflation and unemployment, and improve living standards.
Rostom said the programme is built on three core pillars: strengthening economic stability and the quality of growth, empowering the private sector and increasing its contribution to productivity, and improving quality of life through decent employment, adequate incomes and enhanced public services.
The programme includes four strategic pillars, 40 targets, 185 key measures, 20 legislative reforms and 25 institutional reforms. Its implementation will be monitored through 150 performance indicators.
Key priorities include maintaining macroeconomic stability, ensuring fiscal sustainability, adhering to the debt ceiling, increasing public revenues, improving spending efficiency, reducing inflation and expanding innovative financing mechanisms, including guarantees for infrastructure projects.
The government has identified five priority sectors: agriculture, manufacturing, communications and information technology, tourism, and energy. Together, these sectors contributed around 50 per cent of real economic growth and accounted for approximately 40 per cent of GDP.
They also attracted about $3.1 billion in investment inflows during the first half of the 2025/2026 fiscal year and employed roughly 40 per cent of Egypt’s workforce.
Rostom said Egypt aims to increase economic growth from 5.1 per cent to 6.8 per cent by 2029/2030, reduce inflation to 7 per cent and lower unemployment to 5.5 per cent.
He highlighted the private sector’s contribution to the economy, noting that it accounts for 80 per cent of GDP, 58 per cent of total investment and 83 per cent of employment, equivalent to around 27 million workers.
The minister also announced the upcoming launch of an interactive map of development projects under the 2027-2030 programme on the ministry’s website and the “Sharek” application.
He outlined plans to restructure the National Investment Bank, strengthen its financial position and maximise the value of its assets through strategic partnerships, following the settlement of its historical debts.
Rostom concluded that public spending is ultimately aimed at improving public services, easing citizens’ burdens and creating new opportunities.
