Egypt aims for LE 350 bln in investments in gas, oil by 2030

Egypt’s Economic and Social Development Plan, approved by both houses of Parliament (the House of Representatives and the Senate), reveals ambitious plans to increase investments in the crude oil and natural gas sectors, as part of the state’s efforts to strengthen the private sector’s role in economic development.

 

The document explains that the plan aims to stimulate private investment by developing bidding systems, simplifying procedures, and shortening the timeframes for signing agreements, with the goal of creating a more attractive and efficient investment environment.

 

The document estimates that private investments in the sector will reach more than EGP 350 billion by 2030, compared to EGP 208 billion in 2025/2026, reflecting tangible growth and an ambitious strategy to support the national economy.

 

According to the document, these efforts are part of promoting economic and social development and increasing the efficiency of vital sectors, which will contribute to creating new job opportunities and improving infrastructure and services across the country.