What you need to know about Egypt new gov't program for coming three years

Ahram Online , Tuesday 9 Jul 2024

Egypt’s Prime Minister Mostafa Madbouly outlined on Monday his new cabinet’s program for the coming three years during a special session at the country’s House of Representatives.

Mostafa Madbouly
Egyptian Prime Minister Mostafa Madbouly speaks to the House of Representatives on Monday 8 July, 2024. Photo courtesy of Egyptian cabinet.


Egypt's new 30-member cabinet, led by  Pm Madbouly, was sworn in before President Abdel-Fattah El-Sisi earlier on Wednesday. The cabinet's overhaul involved numerous changes in ministers and portfolios. 

As per the Egyptian constitution, the parliament will consider the government program presented by Madbouly to decide whether to give confidence to the new line-up.

Madbouly said the new government will be tasked with handling the country’s pressing challenges, including those related to economic, and security pillars.

The prime minister said the program is tailored to address three main challenges: completing the infrastructure and services projects nationwide, mitigating the repercussions of the global economic conditions, and addressing the challenges resulting from regional conflicts.

Madbouly vowed to end the power outage problem within six months, reduce rising prices and inflation, and control markets.

Ahram Online zooms in on the outlines of the Madbouly government program

The program – which covers the period from 2024-2025 to 2026-2027 – focuses on four key pillars:

  • Protecting national security and bolstering foreign policy.
  • Building the Egyptian person and enhancing his well-being.
  • Building a competitive economy that attracts investments.
  • Achieving political stability and national cohesion.
  1. The first pillar aims to achieve national security with a comprehensive approach, including:
  • Ensuring border security and stability and supporting the military capabilities.
  • Enhancing the security of the Red Sea and the Suez Canal.
  • Enhancing efforts to combat terrorism, cross-border crimes and human trafficking,
  • Developing Egypt’s foreign policy, enhancing its role in the Arab, African, and international surroundings.
  • Protecting Egypt’s water security, including its share of the Nile water.
  • Ensuring Egypt’s food security by increasing stocks of strategic crops, and developing livestock, poultry, and fisheries.
  • Ensuring energy security, including securing and diversifying traditional and renewable energy resources, and strengthening the country’s position as a regional energy hub.
  • Enhancing cybersecurity, regulatory and legislative frameworks, and international cooperation in cybersecurity.
  1. The second pillar aims to enhance the Egyptians’ well-being, including
  • Providing social protection schemes to improve the standard of living of Egyptian families.
  • Protecting and empowering irregular workers, with an emphasis on extending the umbrella of protection to include the elderly and challenged people.
  • Completing strategic objectives of the health sector, including expanding the umbrella of the comprehensive health insurance system nationwide.
  • Improving the quality of the education system by raising the efficiency of educational institutions and upskilling teaching staff.
  • Prioritizing the establishment of new schools in densely populated and remote areas.
  • Focusing more on technical education and establishing 62 technical and technological schools until 2026 in partnership with the private sector.
  • Adding 100 new Japanese-style state schools until 2026, allowing slots for students from middle-class families.
  • Building more technological universities.
  • Increasing job opportunities and reducing the unemployment rate, which fell to 6.7 percent during the first quarter of 2024.
  • Building more sustainable and fourth-generation cities.
  1. The third pillar aims to build a competitive economy to attract investments. This pillar focuses on: 
  • Achieving a growth rate of 4.2 percent and growth rates exceeding 5 percent on average during the three-year program period.
  • Enhancing the presence of the private sector to generate more job opportunities.
  • Complementing the economic reform process by adopting macroeconomic reforms, including ensuring fiscal discipline, enhancing financial sustainability, and increasing public revenues by about 16 percent on average annually until 2026/2027.
  • Rationalizing public spending, reducing total public debt, and enhancing financial transparency.
  • Doubling the contribution of the green economy investment to the total public investments to about 55 percent in 2026.
  • Turning Egypt into a global hub for green hydrogen production by 2030.
  • Increasing private investments to 60-65 percent of total investment and raising the annual growth rate of foreign direct investments to about 14 percent by 2030 as per the State Ownership Policy Document.
  • Linking tax incentives and exemptions for domestic and foreign direct investment to the targeted activities and industries, as well as to the percentage of its exports abroad.
  • Determining 152 specific investment opportunities to localize industry.
  • Launching a comprehensive investment map displaying all investment opportunities in bankable projects.
  • Working on increasing exports by more than 15 percent annually by stimulating merchandise and petroleum exports and enhancing service exports.
  • Attracting 30 million tourists by 2028.
  • Transforming Egypt into a global centre for logistics and trade by adopting several steps, including:
  1. Establishing integrated international logistics centres next to seaports.
  2. Developing 7 integrated international logistics corridors to connect production areas (industrial - agricultural - mining - services) in seaports with fast and safe means of transportation through dry ports and integrated logistics areas.
  3. Constructing new berths along seaports, bringing the total length of berths in seaports to 100 kilometres.
  4.  Developing the Egyptian naval fleet to transport 20 million tons of goods annually.
  • The fourth pillar aims to achieve political stability and national cohesion. This pillar is based on key governing principles that include:
  • Enhancing political participation and governance.
  • Supporting decentralization and empowering local communities.
  • Speeding up the issuing of the local councils’ law to hold their elections.
  • Providing mechanisms to involve citizens in planning and managing projects and facilities, through the formation of participatory planning committees.
  • Strengthening political communication with all components of Egyptian society and opening effective channels of dialogue to ensure broad participation in the decision-making process.
  • Coordinating with the Board of Trustees of the National Dialogue, representatives of civil society, unions, political parties, youth, women, and marginalized groups.
  • Promoting human rights and paying attention to the groups most deserving of care, especially the elderly.
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