Minister of Planning and Economic Development Ahmed Rostom told parliament that Egypt’s economy is projected to grow by 5.4% by the end of fiscal year 2026/2027, rising to 6.8% by the end of the medium-term plan in 2029/2030. The government adopted a cautious growth scenario amid regional and global uncertainty.
Ahmed Rostom presented to parliament’s plenary session the key features of the 2026/2027 economic and social development plan, along with the medium-term framework through 2029/2030. The targets align with directives from President Abdel Fattah Al-Sisi and Prime Minister Mostafa Madbouly, emphasizing improved economic conditions, quality of life, public services, productivity, and food and energy security.
Five key sectors are expected to contribute 64% of growth in 2026/2027, led by manufacturing at 29%, followed by wholesale and retail trade (11.3%), tourism (9.3%), construction (7.2%), and agriculture (7%). GDP at current prices is projected to reach EGP 24.5trn in 2026/2027, up from EGP 21.2trn at the end of the current fiscal year, rising to EGP 36.8trn by 2029/2030.
Total investments are set at EGP 3.7trn, with public investment at 41% (EGP 1.5trn) and private at 59% (EGP 2.2trn), pushing the investment-to-GDP ratio to 17% and targeting 20%. Social spending will rise, including 25% more for health to expand universal health insurance, 11.5% for pre-university education, and 57% for social protection.
Rostom noted Egypt’s economy showed resilience despite global challenges, achieving 5.3% growth in the first half of the current fiscal year amid the recent US-Iran conflict. He stressed the plan’s success will be measured by improvements in citizens’ wellbeing.
