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PM oversees economic growth target

PM oversees economic growth target

The article highlighted the economic and social development plan presented by the Egyptian Prime Minister, Mohamed Antar, in collaboration with the Minister of Planning and Economic Development. Egypt aims to achieve a growth rate of 5.4% during the fiscal year 2026/2027, with the private sector contributing approximately 59% of the total investments, amounting to 3.7 trillion Egyptian pounds. The plan includes enhancing the capabilities of the manufacturing industries, improving the investment climate, developing legislative frameworks, encouraging entrepreneurship, and expanding the use of innovative financing tools. It also features an economic transformation program extending until 2030, focusing on economic sustainability, supporting employment opportunities, and increasing the efficiency of investment distribution across various governorates—all aimed at improving citizens' living standards and fostering sustainable growth. Additionally, the plan emphasizes the development of human capital through collaborations with companies like LinkedIn, as well as strengthening training and leadership development through academic partnerships with international universities to enhance the efficiency of the administrative apparatus and support Egypt's economic reform efforts.

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