Egypt targets 67% private sector investment by 2030
The article focused on the participation of Egypt's Minister of Planning and Economic Development, Dr. Ahmed Rustom, in the IMF-World Bank Group conference held in Bangkok. He discussed Africa's future, structural reforms, and private sector-led trade integration. He emphasized the continent's potential, highlighting the importance of shifting from traditional economic models to reforms that strengthen the role of the private sector, develop food and mineral industries, and add greater value to natural resources. He also noted that Egypt achieved an economic growth rate of 5.1% during the 2025-2026 fiscal year, with the private sector's contribution rising to 57.7%, aiming to reach 67% by 2030 through clear policies. Additionally, he underscored the importance of activating the African Free Trade Area Agreement, streamlining procedures, and developing infrastructure to promote sustainable growth and create job opportunities for African youth.
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