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.

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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.

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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.

Egyptian President Abdel Fattah Al-Sisi affirmed on Wednesday that the government will press ahead with fiscal reforms to safeguard economic stability and accelerate private sector growth, amid regional conflicts impacting markets and global supply chains.

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Egypt's Minister of Planning, Economic Development and International Cooperation Rania al-Mashat stated that global protectionist policies are creating real opportunities for African countries to attract industrial investments by encouraging the reshoring of economic activities to the continent. She spoke at the launch of the Brookings Institution's "Foresight Africa" report during the World Economic Forum in Davos. Al-Mashat emphasized leveraging Africa's demographic dividend, youth population, and technological potential to advance industrialization.

 

 

 

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