Egyptian Deputy Prime Minister for Economic Affairs, Dr. Hussein Issa, recently presented the National Economic Transformation Program (2027-2030) at a seminar held at Ain Shams University. The program aims to transform the Egyptian economy into a more productive, competitive, and sustainable one, improving the standard of living for citizens and enhancing their quality of life. This initiative marks a shift from stabilization and recovery to sustainable growth and development.
The program will not be limited to macroeconomic indicators and financial and monetary policies but will also encompass productive and service sectors, supporting sustainable economic development that directly benefits citizens. Dr. Issa emphasized that the program will be open for public discussion to gather suggestions and ideas before its launch by the end of December 2026. Key areas of focus include enhancing productivity, improving product quality, and increasing competitiveness.
The National Economic Transformation Program consists of several main axes, including developing service sectors and operating systems, maximizing the utilization of state assets, and achieving economic integration. The goal is to build a high-quality, effective, and competitive Egyptian economy capable of achieving sustainable growth. Improving healthcare and education services is a priority, along with enhancing the business environment to attract more investments.
Dr. Issa highlighted the importance of social protection programs, such as "Takaful and Karama," "Hayat Karima," and "100 Million Health," launched by President Abdel Fattah El-Sisi over the past few years. These initiatives aim to improve living standards and expand social protection. The program also seeks to strengthen the private sector's role in economic activity and create a more attractive business environment.
The Deputy Prime Minister reviewed the document on the state's ownership policy in its second edition for the period (2026-2030) and its executive plan. This policy aims to enhance private sector participation and improve the management of public investments and assets. Efforts are underway to restructure state-owned companies and economic entities, focusing on efficiency, effectiveness, and governance.
The government is implementing a comprehensive program to reform and restructure state-owned companies and economic entities. This program is based on applying best practices in institutional management to increase productivity and maximize returns on public assets. The restructuring of companies previously under the Ministry of Public Business Sector is part of a vision to develop their performance and increase their competitiveness.
The seminar at Ain Shams University included an open discussion between Dr. Hussein Issa and attendees, focusing on economic files and challenges facing the Egyptian economy. The discussions covered stimulating investment, increasing production, and enhancing the role of the private sector.
Key points
- The National Economic Transformation Program aims to achieve sustainable economic growth and improve living standards for Egyptian citizens.
