Egypt's investments plan for FY2024/2025 records EGP 2 trillion

CAIRO - 9 December 2024: Egypt’s investments for FY2024/2025 total EGP 2 trillion, with the private sector contributing 49.7 percent, according to Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation.

Speaking at the 6th Economic Conference organized by Hapi newspaper, Al-Mashat highlighted the government’s commitment to revitalizing the economy while reducing the state budget deficit through a historic public investment ceiling of EGP 1 trillion.

Al-Mashat underlined the importance of flexible policies and innovative strategies to maintain development gains and ensure macroeconomic stability amid global challenges since 2020, such as geopolitical tensions and economic shifts. These challenges have particularly impacted developing nations striving to achieve their development goals.

The Minister emphasized the government’s multi-dimensional economic and structural reform agenda, which positions the private sector as a cornerstone for addressing economic challenges and driving sustainable development. Key reforms focus on macroeconomic resilience, improving business competitiveness, economic diversification, and advancing green transformation, creating new investment opportunities for the private sector.

To enhance the effectiveness of development plans, the Ministry is implementing a new methodology for the FY2025/2026 fiscal year.

This approach aligns with Egypt’s Vision 2030 and incorporates modern planning principles from the updated Planning Law. It emphasizes optimizing investment spending, governance, and strengthened monitoring and evaluation mechanisms to ensure inclusive and sustainable growth.

Empowering the private sector remains a top priority. The Ministry has introduced a Development Policy Financing Program in collaboration with international partners to secure budgetary support for structural reforms. Additionally, the National Integrated Financing Strategy aims to bolster local and international development financing. Over the past four and a half years, international institutions have provided EGP 12 billion in concessional financing to the private sector, reflecting Egypt’s strong partnerships with global development stakeholders.

These initiatives demonstrate the Egyptian government’s dedication to fostering a resilient, inclusive economy that leverages private sector capabilities while addressing national and global challenges.