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Planning Minister Highlights Focus on Growth Quality
The statements by the Minister of Planning and Economic Development focused on the importance of the quality of Egypt's economic growth rather than just its rate. He emphasized that Egypt has handled economic challenges and shocks with the utmost professionalism. The minister pointed out that the growth rate reached 5.1% during the 2025/2026 fiscal year, surpassing expectations. The main sectors contributing to this growth include industry, trade, communications, and information technology, which together accounted for approximately 48% of the growth. He also stressed the importance of improving data quality, managing inflation, which decreased to 12.7% in August, and aiming to increase private sector investment from 59% to 64% by 2030. The focus remains on creating a conducive environment for entrepreneurship, encouraging startups, and ensuring sustainable growth through diversification in vital sectors.
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