Egypt plans to invest EGP 2 trillion for FY2024/2025, with the private sector contributing 49.7% of this total. Dr. Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, shared this vision at the 6th Economic Conference organized by Hapi newspaper. The government aims to revive the economy and reduce the state budget deficit with a public investment ceiling of EGP 1 trillion.
Record Public Investment Commitment
Dr. Al-Mashat explained that the government’s historic public investment ceiling is central to reducing the state budget deficit. This strategy responds to global challenges such as geopolitical tensions and economic shifts that have affected developing nations since 2020. The Minister emphasized the importance of using flexible policies and innovative strategies to maintain Egypt’s development momentum and ensure economic stability.
Reforms Driving Economic Diversification
The government’s economic and structural reforms place the private sector at the core of its plans to tackle economic challenges. Al-Mashat pointed out that reforms focus on boosting macroeconomic resilience, enhancing business competitiveness, diversifying the economy, and advancing green transformation. These changes will create new investment opportunities, positioning the private sector as a key driver of sustainable development.
A New Approach for Future Investment Plans
For the FY2025/2026 fiscal year, the Ministry of Planning introduced a new methodology for developing investment plans. This approach aligns with Egypt’s Vision 2030 and integrates updated principles from the Planning Law. The methodology will focus on optimizing investment spending, improving governance, and strengthening monitoring and evaluation mechanisms. These steps aim to ensure inclusive and sustainable growth.
Empowering the Private Sector
The government remains focused on empowering the private sector. Dr. Al-Mashat highlighted the Development Policy Financing Program, which collaborates with international partners to support structural reforms. The National Integrated Financing Strategy will also help secure local and international financing. Over the past four and a half years, international institutions have provided EGP 12 billion in concessional financing to support the private sector, showcasing Egypt’s strong global partnerships.
Conclusion: A Resilient, Inclusive Economy
Egypt’s EGP 2 trillion investment plan demonstrates the government’s commitment to building a resilient, inclusive economy. By focusing on strategic reforms, fostering private sector growth, and strengthening international partnerships,
