Egypt Unveils ‘National Narrative’ for Economic Development

Egypt has launched its National Narrative for Economic Development, a long-term framework aimed at achieving 7% annual growth by 2030, expanding private sector participation, and driving a transition toward a more competitive, green, and export-oriented economy.

The strategy, presented on 7 September 2025 by Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, was unveiled in the presence of Prime Minister Mostafa Madbouly and senior cabinet members. It aligns closely with Egypt Vision 2030, emphasizing sustainable growth, job creation, and private sector-led development.

Key Objectives

• Raise the investment rate to 25–30% of GDP by 2030.
• Expand private sector participation, with the state shifting its role from managing institutions to managing state capital.
• Strengthen competitiveness and the business environment, advance the green transition, and focus on high-productivity, export-driven sectors.

Strategic Pillars

The framework consolidates policies across FDI, industrial development, trade, and job creation, with emphasis on manufacturing, agriculture, tourism, energy, and ICT. It also includes reforms in fiscal and monetary policy, public investment management, and regional planning to ensure localized development.

Link to State Ownership Policy

The National Narrative builds on the State Ownership Policy Document launched in 2022, which outlines where the state will exit, reduce, or expand its economic presence. Its implementation relies on three institutional structures:

• State-Owned Companies Unit – technical evaluation of public enterprises.
• Egyptian Sovereign Fund – managing public assets for efficiency and returns.
• Government Offerings Unit – overseeing privatization and offerings.

As part of this agenda, Egypt has already reviewed 59 of 63 economic authorities to maximize returns, reduce overlaps, and rationalize public spending.

Vision

By consolidating reform initiatives under one coherent narrative, Egypt aims to leverage upgraded infrastructure, attract investment, boost exports, and position the private sector as the main engine of growth.