The session, organized by the Nawa Foundation and moderated by political thinker Abdel Monem Said, highlighted the government’s shift toward performance-based planning and a private-sector-led economy.
Al-Mashat emphasized that the narrative, finalized in
December after three months of consultations with over 120 experts, serves as a
tool for expectation management.
"Economics is built on the management of future
expectations," Al-Mashat said. "This narrative aims to enhance
credibility and transparency regarding state policies, allowing the business
community and citizens to make informed decisions."
The Minister noted that the framework integrates Egypt’s Vision 2030 with the government’s current action program, adapting to the global economic shifts seen since 2020. She added that upcoming editions would further detail service sectors like health, education, and social protection across all governorates.
A key pillar of the new economic model is the
"governance of public investment." Al-Mashat revealed that the state has
implemented a ceiling on public spending to create "fiscal space" for
private enterprises.
"Private investments currently account for 65 percent
of total investment, and we are targeting more than 70 percent by 2030,"
she stated.
According to the Minister, growth is currently driven by
industry, tourism, and telecommunications, sectors where the private sector
already holds a dominant share, including 98 percent of the tourism industry.
The narrative places spatial justice at the forefront,
leveraging the competitive advantages of individual governorates. Dr. Al-Mashat
cited the surge in textile exports from Upper Egypt as a prime example of
localized development.
Infrastructure investments in ports and roads have bridged
developmental gaps, facilitating new clusters in Sinai and industrial zones in
Sohag and Minya. Furthermore, the narrative identifies 28 priority industries
intended to bolster Egypt’s position in global supply chains, particularly
within the Suez Canal Economic Zone (SCZONE).
Addressing fiscal sustainability, Al-Mashat confirmed the
document includes a dedicated chapter on debt management with clear targets
through 2030.
She also highlighted the role of Economic Diplomacy and
international partnerships. Her ministry oversees 58 joint committees with
various nations, focused on opening new avenues for trade, investment, and integration
with African markets.
The Minister concluded by linking economic structural shifts to social welfare. Under the slogan "Economic Leap... Improving Citizens' Lives," she affirmed that increasing productivity is the primary vehicle for expanding spending on human capital, health, and education.