Egypt has launched its National Narrative for Economic Development, a comprehensive framework that targets 7% annual growth by 2030 and aims to significantly expand private sector participation in the economy. The strategy, introduced on 7 September 2025 by Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, aligns closely with Egypt Vision 2030.
The framework, titled “The National Narrative for Economic Development: Policies Supporting Growth and Employment”, was presented at an event attended by Prime Minister Mostafa Madbouly and senior cabinet ministers. It emphasizes competitiveness, the green transition, and high-productivity, export-oriented sectors to achieve sustainable growth and job creation.
Core Goals and Pillars
The plan seeks to raise the investment rate to 25–30% of GDP while redefining the state’s role from managing institutions to managing capital. Its three main pillars include:
- Strengthening the national economy.
- Enhancing competitiveness and improving the business environment.
- Advancing a green transition.
The strategy prioritizes industrial development, agriculture, tourism, ICT, energy, and foreign trade, while also focusing on fiscal and monetary reforms to improve public investment management and regional development planning.
Link to State Ownership Policy
The National Narrative builds on the State Ownership Policy Document launched in June 2022, which set out a roadmap for where the state should exit, reduce, or expand its economic presence. This policy identified three tracks: full exit within three years, stabilization or reduction of state presence, and stabilization or expansion in select sectors.
To support implementation, the government has empowered three key entities:
- State-Owned Companies Unit – evaluating public companies.
- Egyptian Sovereign Fund – managing public assets for efficiency and return.
- Government Offerings Unit – overseeing offering methods for state assets.
Restructuring and Reform
As part of the transformation, 59 out of 63 economic authorities are under review to maximize returns, rationalize spending, and eliminate overlapping mandates. The government aims to integrate foreign direct investment, industrial growth, and innovation-led job creation under this framework.
Dr. Al-Mashat emphasized that the National Narrative consolidates Egypt’s economic policies into a unified framework to withstand global challenges while enabling the private sector to serve as the primary driver of growth.
