Cairo: Minister of Planning and Economic Development Ahmed Rostom asserted that the economic and social development plan for fiscal year 2026/2027 reflects presidential directives and places ‘human development’ at the forefront of its priorities. The plan also establishes the general framework for the medium-term strategy through 2029/2030, supporting sustainable development and improving citizens’ quality of life.
According to State Information Service Egypt, the remarks were made during a press conference held by Prime Minister Moustafa Madbouli, attended by key ministers including Finance Minister Ahmed Kouchouk, Minister of State for Information Diaa Rashwan, Minister of Electricity and Renewable Energy Mahmoud Esmat, and Minister of Petroleum and Mineral Resources Karim Badawi. The minister explained that the plan is built on several key pillars, including advancing economic development and production, strengthening food security, increasing growth rates, and expanding private sector participation.
The plan prioritizes improving the education and healthcare systems while adhering to constitutional spending commitments in these sectors, all within the framework of Egypt Vision 2030. It targets an economic growth rate of 5.4% in 2026/2027, rising gradually to 6.8% by 2029/2030, with five key sectors expected to contribute 64% of the targeted growth.
Regarding investments, Rostom stated that total investments are projected at around EGP 3.8 trillion, including EGP 1.5 trillion in public investments and EGP 2.2 trillion in private investments, reflecting the state’s direction toward enhancing the role of the private sector. He emphasized that a significant share of investments is allocated to human development sectors, with spending on education, healthcare, youth, and cultural services accounting for about 48% of public treasury funding.
The plan outlines the implementation of 1,304 projects in the education sector and 623 projects in the healthcare sector, aimed at advancing the comprehensive health insurance system and upgrading hospitals and ambulance services. It also includes 319 projects in youth services, along with 3,447 projects at the local level, with priority given to completing initiatives under the presidential Decent Life Initiative.
The Minister of Planning highlighted three main initiatives within the plan: ‘productive clusters’ to support labor-intensive projects, an ‘entrepreneurship and innovation’ program to empower startups, and an ‘infrastructure private investment mobilization’ initiative to strengthen partnerships with the private sector in financing strategic projects.