• Egypt unveils 2030 plan targeting 7% growth, 18% investment/GDP
• Private sector share of investment to rise to 66% by 2030
• Plan aims to create 1.5M jobs, boost competitiveness, reforms

Egypt launched a new national economic development plan on Sunday, August 7, 2025, that aims for a 7% growth rate by 2030 and a total investment increase to 18% of its gross domestic product (GDP).

Dubbed "National Economic Development Narrative: Policies to Support Growth and Employment," the plan is a "comprehensive framework that ensures integration between the government's action plan and the Egypt Vision 2030, in light of rapid regional and international developments," according to Planning and Economic Development Minister Rania Al-Mashat.

The plan sets a series of targets for 2030, including continuing economic reforms, focusing more on productive sectors, and leveraging the country's advanced infrastructure to support industrialization and investment. These measures are expected to enhance competitiveness and boost private sector participation.

The plan projects the private sector's share of total investment will reach 66% in 2030, up from 60% in the current fiscal year's plan, with its share of GDP increasing to 11.9%.

Reforms were also discussed to improve corporate performance and strengthen Egypt's position in international competitiveness rankings. These reforms are based on a national structural reform program that relies on policies to support growth and employment, centered on three pillars: strengthening macroeconomic stability, increasing economic competitiveness and improving the business climate, and supporting the green transition.

The announcement comes as the Egyptian government seeks to improve the business climate and create a favorable working environment to attract more investment. The country has implemented economic and climate reform programs, led by the IMF, with an initial amount of $8 billion to maintain macroeconomic stability, restore fiscal space, and foster inclusive, private sector-led growth, despite persistent regional tensions that have led to a sharp drop in Suez Canal revenues.

The plan is expected to create 1.5 million jobs by 2030, up from the 900,000 jobs projected in the current year's plan.

Lydie Mobio