Oxford: Minister of Planning and Economic Development Dr. Ahmed Rostom confirmed the government's target of achieving economic growth between 5.2% and 5.4% in the next fiscal year, with ongoing economic reform measures playing a crucial role.

According to State Information Service Egypt, Dr. Rostom highlighted that the growth rate for the first half of the current fiscal year reached 5.3%, indicating the positive effects of economic reforms on the real sectors of the economy. These remarks were made during a series of meetings with international financial institutions and private sector representatives at the Oxford Africa Conference 2026, hosted by the University of Oxford.

Dr. Rostom's discussions focused on the Egyptian economy's resilience amidst regional and international challenges and the state's efforts in executing the economic reform program. Key attendees included Egypt's Ambassador to London, Ambassador Ashraf Sweilam, and Minister Plenipotentiary for Trade Wael Abdel Rahim.

Bilateral talks were held with influential figures such as Saif Malik of Standard Chartered Bank, Chris Chijiutomi of British International Investment, and others from HSBC and UK Export Finance. The discussions centered on Egypt's economic developments and macroeconomic stability efforts.

Dr. Rostom emphasized the substantial improvements in the Egyptian economy, with growth rates expected to range between 5.2% and 5.4% in the fiscal year 2026/2027. He acknowledged the positive impact of economic reforms on the productive and service sectors, which are set to contribute significantly to the targeted economic growth.

The government plans to focus on five key sectors to achieve the growth targets, with manufacturing industries leading at 29%, followed by wholesale and retail trade, tourism, construction, and agriculture, contributing 11.3%, 9.3%, 7.2%, and 7% respectively to the growth in the upcoming fiscal year.