Cairo: Egypt is ambitiously aiming for a 7% economic growth rate by the year 2030, alongside increasing the share of green projects in public investments to between 70-75%, up from the current 50% in the fiscal year. This was revealed as part of the country's National Narrative for Economic Development.
According to State Information Service Egypt, Minister Rania Al-Mashat highlighted that total investments are projected to reach 18% of GDP by 2030, compared to the current 15.2%. The plan's launch featured notable attendance from Prime Minister Moustafa Madbouly, senior ministers from key sectors such as health, education, finance, and more, alongside private sector leaders, parliamentarians, and international partners.
The narrative plan is also focused on enhancing private sector participation in the economy. By 2030, private investments are expected to rise to 66% of total investments, contributing 82% of GDP. This will see private investments as a share of GDP increase to 11.9% from the current 9.1%.
A key component of the plan is the expansion of public green investments to support sustainable development. The economy is anticipated to generate 1.5 million jobs annually by 2030, an increase from the 900,000 jobs expected in the current fiscal year.
Al-Mashat emphasized that the narrative offers a comprehensive framework aligning government policy with Egypt Vision 2030. It focuses on high-productivity, export-oriented sectors and aims to leverage advanced infrastructure to boost competitiveness and private sector involvement.