The Egypt National Economic Narrative was officially launched on Sunday by Prime Minister Mostafa Madbouly, setting out a roadmap to strengthen the country’s economy despite regional and global challenges. Titled “National Narrative for Economic Development: Policies Supporting Growth and Employment,” the framework aligns with Egypt Vision 2030 and the government’s reform agenda.
Planning, Economic Development, and International Cooperation Minister Rania Al-Mashat outlined the initiative’s pillars at the launch event in the New Administrative Capital. She emphasized that the plan promotes a transition toward export-oriented sectors and private sector engagement while preparing Egypt to adapt to rapid global shifts.
The framework is structured into five main chapters:
- Macroeconomic stability
- Foreign direct investment (FDI)
- Industrial development and foreign trade
- Labor market efficiency and flexibility
- Regional planning to localize growth
Al-Mashat described the narrative as both a reform program and a promotional tool for Egypt’s economic strengths. It highlights structural reforms, FDI strategies, fiscal and monetary policy adjustments, green transition efforts, and governance of public investments. Key priority sectors include manufacturing, tourism, agriculture, energy, and information technology.
The document, prepared since October 2024 after a government reshuffle, incorporates directives from President Abdel Fattah al-Sisi. Over the next two months, the government will open the narrative for public dialogue, hosting expert-led sessions to encourage societal participation.
The launch comes as Egypt navigates geopolitical tensions, market volatility, and protectionist policies. Still, officials say the plan can accelerate inclusive growth, leveraging the country’s advanced infrastructure to expand exports and generate employment.
Egypt’s Economic Performance
Egypt’s economy has shown resilience despite global uncertainty. According to the Ministry of Planning, GDP grew 4.8% year-on-year in Q3 of FY 2024/25, more than doubling the 2.2% growth recorded in the same period a year earlier.
For the first nine months of FY 2024/25, average growth reached 4.2%, up from 2.4% the previous year. The ministry attributed this performance to a rebound in industry, a surge in tourism, and rising private investment. Early projections suggest Egypt could surpass its 4% annual growth target, reinforcing optimism that the Egypt National Economic Narrative will further sustain momentum.