Egypt's planning minister outlines 2026 economic shift to military envoys

Following her recent conference speech on reforms, Dr. Rania Al-Mashat, Egypt's Minister of Planning, Economic Development and International Cooperation, briefed newly appointed military attachés on the 2026 economic strategy, highlighting private sector-led growth, green energy, and over 5% GDP growth amid ongoing structural changes.

In an address to new military attachés, Al-Mashat shifted focus from defense to economic promotion, spotlighting textiles, tech hubs, and global trade dynamics. She noted 98% private ownership in tourism and industry, projecting >5% growth this year (targeting 7%) via an EGP 1tn public investment cap for 2024/2025, redirecting credit to private firms.

Under the National Structural Reform Programme—involving 40 entities and 430 measures—reforms span tax, trade, and labor. For 2025/2026, 48% of public investments target human development. Building on $9.5bn budget support and $17bn private financing since 2020 (including $5bn NWFE for green projects aiming 42% renewables by 2030), Egypt signed 65 new protocols in 2025. Peace initiatives by President El-Sisi and U.S. President Trump aid Suez Canal recovery (12% global trade), with IMF fifth/sixth reviews completed.

ተያያዥ ጽሁፎች

Egypt is aiming to increase the private sector's share of total investment to over 70% by 2030, Planning Minister Rania Al-Mashat announced, following a 5.3% GDP growth in the first quarter of fiscal year 2025/26. This growth surpassed government expectations, fueled by industrial recovery and robust performance in tourism and ICT. Al-Mashat emphasized structural reforms to boost private investment and ensure economic stability.

በAI የተዘገበ

Egypt's economy grew over 5% in the first quarter of the current fiscal year, leading to coordination with the EU on future development grants. Planning Minister Rania Al-Mashat met EU Ambassador Angelina Eichhorst to discuss reforms and funding.

Mohamed El-Shimy, Minister of the Public Enterprises Sector, stated that Egypt is steadily advancing toward a strong, competitive, and sustainable economy based on industry, production, exports, and investment, with youth at the core of the development process as a cornerstone of the 'New Republic'.

በAI የተዘገበ

Building on 10 million units produced in 2025, Egypt plans to manufacture 15 million mobile phones in 2026 and begin exporting to international markets, Communications Minister Amr Talaat announced in a speech to military attaches. This advances the ICT sector's transformation into a production powerhouse amid global competition in AI and semiconductors.

 

 

 

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