The Clap:
Among other objectives the new government is eying over the next three years, Egypt wants private investments to account for 51% of total investments by fiscal year 2026-2027, increasing to 70% by 2030, Enterprise reports.
How to get it done:
The government is planning to streamline the process for investors to establish projects and acquire the permits for their ventures, and will extend incentives to encourage foreign direct investment in industry and other key sectors. Egypt will also allow private sector players to lease vacant properties owned by the Ministry of Public Enterprises.
Other targets:
Industrialization: Egypt wants to achieve a 31.2% annual growth rate in industrial output by 2026-2027 and raise exports to USD 130 billion by 2026-27 and USD 145 billion by 2030. The will establish additional industrial zones, and enhance infrastructure in industrial areas to realize its targets.
Tourism: The government has lowered its tourism target to attracting 25 million tourists per year by 2030, instead of the original aim of bringing in 30 million tourists by 2028.
Employment: The cabinet has set to decrease the unemployment rate to 6.5% by FY 2026-27 — down from the 6.7% rate in the first quarter of the year — and to 6.1% by 2030.
Healthcare: The government plans to increase health insurance coverage to 85% of the population by 2026-2027 and ensure that local pharmaceutical production meets 94% the needs of the local market.
