Egypt’s Prime Minister Mostafa Madbouly has presented his cabinet’s programme for the next three years, with a special focus on addressing the country’s economic and security challenges.
The plan targets three main areas: completing nationwide infrastructure projects, mitigating the repercussions of global economic conditions and managing the challenges arising from regional conflicts. Madbouly also pledged to end the power outage problem within six months, reduce rising prices and inflation and control the markets, according to Ahram Online,
In terms of economic goals, the new government seeks to achieve a growth rate of 4.2% and average growth rates exceeding 5% between 2024 and 2027.
The government also plans to double the contribution of green economy investments to 55% of total public investments by 2026. Moreover, it aims to increase private investments to 60-65% of total investment and raise the annual growth rate of foreign direct investments to about 14% by 2030.
Madbouly’s programme also includes boosting exports by over 15% annually and attracting 30 million tourists by 2028, as part of an effort to drive economic growth.
