Planning Minister Elaborates on Investment Growth in 2025 Development Plan Discussion

In a comprehensive review of the national economic strategy, H.E.Dr. Hala El-Said, Minister of Planning and Economic Development, provided detailed insights into the evolving landscape of investments during the deliberation of the draft law for the Economic and Social Development Plan for the fiscal year 2024/2025. This discussion took place at a meeting convened by the Financial and Economic Affairs Committee and Investment of the Senate, chaired by Dr. Hani Sir El-Din, in the presence of Dr. Ahmed Kamali, Deputy Minister of Planning and Economic Development, along with esteemed members of the council.

Dr. El-Said underscored a notable uptick in investments within the plan, forecasting the current fiscal year to conclude with investments amounting to 1.5 trillion Egyptian pounds (EGP). Looking forward, the subsequent fiscal year is projected to witness a significant surge, with total investments estimated to reach 1.987 trillion EGP. Reflecting on the developmental trajectory, she emphasized the imperative of investments in fostering sustainable growth, aiming for total investments to represent 13% of the Gross Domestic Product (GDP).

Of particular significance was the surge in private investment, earmarking around 37.3% of the total investment portfolio, with an ambitious target of 49% in the coming year. Delving into the framework of public investments, Dr. El-Said outlined a meticulous distribution strategy, envisaging government investments to cross the trillion-EGP threshold. This fiscal discipline extends across various sectors, with allocations of 496 billion EGP for the government apparatus, 333 billion EGP for public and economic bodies, 60 billion EGP for public sector companies, and 111 billion EGP for central investments.

Within the broader investment landscape, Dr. El-Said illuminated the prioritization of human-centric development initiatives. Investments earmarked for health, education, youth, and culture collectively represent over half, totaling 53% of the total investment outlay. Notably, this marks a paradigm shift towards a more holistic approach to national development, emphasizing the pivotal role of human capital in driving economic prosperity. Complementing this emphasis on human development, investments in water and sanitation services are set to receive substantial allocations, totaling 25.4% of the total investment pie.

Dr. El-Said’s address not only provided a comprehensive overview of the investment landscape but also underscored the government’s unwavering commitment to strategic fiscal management and inclusive development. As Egypt navigates the complexities of a rapidly evolving global economy, such deliberations serve as a testament to the nation’s resilience and vision for a prosperous future.