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Egypt Government Aims for 4.2% Economic Growth in Next 3 Years

Egypt’s new government plans to expand exports by more than 15% each year and attract 30 million tourists by 2028. Egypt’s Prime Minister Mostafa Madbouly announced a three-year Cabinet agenda aimed at achieving economic growth rates of 4.2 percent and above 5% on average.

During a special session of Egypt’s House of Representatives, Madbouly unveiled the country’s new three-year government agenda. Under the program, the new government will address the country’s urgent issues, including the economy and security.

Egypt’s new government program aims to handle three major difficulties: finishing national infrastructure and services projects, reducing the effects of global economic conditions, and tackling the challenges posed by regional conflicts. Madbouly promised to end the power outage crisis in six months, lower rising costs and inflation, and manage markets.

The program, which runs from 2024-2025 until 2026-2027, focuses on four main pillars:
• Strengthening national security and international policy

  • Developing the Egyptian individual and improving their well-being
    • Creating a competitive economy to attract investment
  • Promoting political stability and national solidarity.

In addition to increasing economic growth, Egypt‘s new administration intends to boost the share of green economy investment to overall public investments to around 55% by 2026. Furthermore, it aims to increase private investment to 60–65 percent of total investment. Furthermore, it intends to boost the annual growth rate of foreign direct investments to roughly 14 percent by 2030. Finally, Egypt’s new administration plans to boost exports by more than 15% per year and attract 30 million tourists by 2028.

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