Navigating Egypt's economic roadmap: challenges loom amidst visionary goals

The comprehensive blueprint, set for public discussion before official approval, targets various facets of the economy and the quality of life.

As the nation strives for economic resilience, two economic experts shed light on potential opportunities and challenges in this groundbreaking plan.

"The government has drafted the strategic plan to position its economy as robust and resilient over the next presidential term through 2030," stated economic and banking expert Mohamed Roshdy.

Roshdy outlined key objectives, including restructuring the GDP, aiming for $145 billion in annual exports, and doubling foreign direct investment's contribution to GDP to around $100 billion between 2024 and 2030.

He anticipated the services sector, especially technology, to surpass agriculture and industry, becoming the top value-added segment. 

Egypt’s real GDP growth rate slowed to 2.65 percent in the first quarter of the fiscal year 2023/2024, from 4.4 percent in the same quarter of FY2022/2023 (July-September), as per data released by the Ministry of Planning and Economic Development.

"The successful implementation of this ambitious roadmap could return the nation to regional economic leadership. The plan aligns with the national strategies to strengthen the country's development trajectory,” Roshdy added.