Breaking down the new government’s plans for the next three years: The new Madbouly government laid down its plans for its three-year term in a 276-page document that Enterprise got a hold of. The document adds more color to the government’s policy statement delivered by Prime Minister Moustafa Madbouly last week.

TL;DR: The document breaks down the plans into four simple goals — protecting national security and Egypt’s foreign policy, building up the Egyptian citizen, building a competitive economy that attracts investments, and achieving political stability.

THE ROAD TO MORE PRIVATE SECTOR INVOLVEMENT-

The goal: Private investments to make up 51% of total investments in Egypt by the fiscal year 2026-2027 and 70% by 2030. Private investments made up 25.5% of total investments last fiscal year.

The how:

  • Leasing rights: Allowing private players to lease unused units owned by the Public Enterprise Ministry.
  • Transparency: In an effort to move forward with privatization plans, the new government will be prioritizing transparency when it comes to state-owned companies — sharing annual reports of the companies’ portfolios.
  • Revamping the tendering process: The plan includes having all tenders concerning the biggest 50 state-owned companies laid out on the designated digital platform.
  • Making it easier to set up projects: The new government will work to make it quicker and easier for investors to set up projects and receive the necessary licenses.
  • Incentives: The state will be offering incentives and tax breaks aimed at boosting FDI in industry and other priority sectors.

For better, more competitive local industries: The government will also focus on boosting high-quality domestic industries and growing local supply chains to limit imports, meet local market needs, and become a part of global and regional value chains. By the fiscal year 2026-2027, the plan aims to see industrial output growing 31.2% a year and increase exports to USD 130 bn by 2026-27 and to USD 145 bn by 2030.

The roadmap: In order to achieve its goals by the set timeline, the government will be taking a set of steps to help boost local industry, that includes setting up more industrial zones, offering more incentives, improving the infrastructure surrounding industrial zones, and continuing to market and promote industrial complexes.

OTHER GOALS WORTH NOTING-

#1- Less unemployment: The cabinet aims to reduce the unemployment rate to 6.5% by FY 2026-27 and to 6.1% by 2030. Egypt’s unemployment rate fell to 6.7% of the total workforce in the first quarter of this year, inching down 0.2 percentage points from the previous quarter.

#2- Better healthcare: The government aims to expand health ins. coverage to reach 85% of the population by 2026-2027 and have local pharma production meet 94% of local market needs.

#3- Revised tourism target: The cabinet has revised downwards its tourism target and now expects to welcome 25 mn tourists annually by 2030, down from a previously-set goal of hitting 30 mn tourists by 2028. Egypt is expected to welcome 15.7 mn tourists during the current fiscal year and 17.8 mn during FY 2026-27.

We’ve only scratched the surface: The document also details the new government’s goals for infrastructure, logistics, aviation, and more. Look out for the rest of our coverage in upcoming issues.

Tags: