Gov’t wants to attract USD 44 bn in investment next fiscal year

The Madbouly government is looking to reel in USD 44 bn in private and foreign direct investment in FY 2026-2027, three government officials tell EnterpriseAM. The gov’t aims to secure investors by leaning on public-private partnerships, opening up new investment avenues, and drumming up funds through the state’s privatization program.

The breakdown: Officials think the lion’s share of the inflows will be into energy, real estate, and heavy industry, sources tell us. The oil and gas sector remains a primary magnet for capital after the government’s recent settlement of arrears to international oil companies; the state is preparing to tender new renewable energy, waste recycling, and water desalination projects.

Over 14% of the headline figure is expected to come in the form of FDI into the oil sector. The Arabic press cited an unnamed government official saying that the government wants to secure USD 6.2 bn in foreign direct investment for the oil sector next fiscal year to fund well development and boost domestic output.

Leveraging the clean slate: The government cleaned up its balance sheet over the past year, slashing the the debt pile to foreign energy firms from USD 6.1 bn in July 2024 to USD 714 mn as of April, with a strict mandate to zero out the balance by the end of June. Settling these debts is helping lure international capital back into exploration.