The Egyptian government has officially launched the National Narrative for Economic Development, a comprehensive new framework designed to make the private sector the primary engine of economic growth. The strategy, a cornerstone of Egypt’s Vision 2030, sets ambitious targets, including achieving a 7% annual growth rate and boosting the national investment rate to between 25-30% of GDP by the end of the decade.
By The Numbers: Key 2030 Targets
- Annual Growth Rate: 7%
- Investment Rate (of GDP): 25-30%
- Launch Date: September 7, 2025
- Foundation Policy: State Ownership Policy (2022)
A Fundamental Shift: From State-Managed to State-Capitalized
At the heart of the new narrative is a fundamental shift in the role of the state in the economy. The government aims to transition from directly managing state-owned institutions and enterprises to managing state capital as a strategic investor. This pivot is designed to unleash private sector potential and create a more competitive and dynamic market environment.
The framework is built on three core pillars:
- Strengthening the national economy.
- Enhancing competitiveness and the business environment.
- Advancing a green transition.
Building on the State Ownership Policy
The “National Narrative” is the next strategic phase following the State Ownership Policy Document launched in 2022. That initial policy established a clear roadmap outlining the sectors from which the state would exit, reduce its presence, or maintain its stake, thereby paving the way for greater private sector participation. To support this transformation, the government is also reviewing 59 of its 63 economic authorities to maximize economic returns, improve efficiency, and rationalize public spending.
Targeting High-Productivity Sectors
The strategy will prioritize directing investment toward high-productivity, export-oriented sectors. The key industries identified for growth are manufacturing, agriculture, tourism, energy, and Information and Communications Technology (ICT). The government plans to leverage Egypt’s recently upgraded infrastructure to support industrial growth and job creation in these areas.
About the National Narrative
The National Narrative for Economic Development is a comprehensive government framework designed to align Egypt’s long-term development goals with policies that empower the private sector. It consolidates strategies for foreign direct investment, industrial development, and job creation, all under the umbrella of Egypt Vision 2030.
Looking Ahead
The launch of the National Narrative sends a powerful signal to local and international investors that Egypt is committed to creating a more open and competitive economy. The success of this ambitious strategy will hinge on the effective implementation of the planned institutional reforms and the state’s ability to transition smoothly into its new role as a capital manager rather than a direct operator, ultimately making the private sector the true driver of Egypt’s economic future.
Source: Waya
