The new narrative charts a roadmap for the Egyptian economy over the next five years, with key targets in fiscal and monetary policy, along with a gradual transition to a green economy.
The narrative is currently under community dialogue for two months, concluding in November. In December, a new draft incorporating the experts' comments will be available.
Below are the primary objectives that the new narrative seeks to achieve.
Core objective
The narrative's main objective is to create a single, integrated economic framework aligning all government reform efforts with Egypt Vision 2030. It focuses on the following:
**Private sector empowerment as the main growth driver,
**Job creation and export growth,
**Redefining the state’s role from operator to regulator and enabler,
**Green and sustainable growth through phased transformation.
Strategic pillars
**Macroeconomic Stability: Fiscal and monetary reforms, resilient infrastructure, and medium-term budget planning.
**Competitiveness and Business Climate: Streamlining regulations, promoting industrial development, and attracting foreign direct investment (FDI).
**Green Transition: Integrating environmental goals and renewable energy investments into national plans.
Key targets by 2030
**Private Sector: Increasing the private sector's share to 82 percent of GDP, from 77.1 percent in FY2024/2025, which ended at the end of June 2025.
**Job Creation: Raising job opportunities from 900,000 in the current FY2025/2026 to 1.5 million annually.
**State-Owned Entities (SOEs): Restructuring 59 out of 63 economic authorities for efficiency and cost-cutting.
** Exports: Raising exports by 20 percent annually through 2030.
State Ownership Policy Index
It is developed by the Information and Decision Support Centre (IDSC) of the Egyptian cabinet to measure the implementation of the State Ownership Policy Document.
It tracks the progress, transparency, and investment impact, in coordination with the following entities:
**SOE Unit (Cabinet): It evaluates SOE viability and restructuring plans.
**Egypt Sovereign Wealth Fund: It acts as the state investment arm.
**Government IPO Unit: It oversees public asset offerings.
Only two reports have been issued since the policy’s 2022 launch; the latest was in August 2024.
Sectoral focus
* It focuses on tradable sectors, which include industrialization, agriculture, tourism, information and communication technology (ICT), and energy.
* Strengthening regional development to localize growth and boost exports.
Context and timing
* It was announced days before the International Monetary Fund's (IMF) fifth and sixth reviews of the $8 billion Extended Fund Facility loan programme and first review of the $1.3 billion Resilience and Sustainability Facility (RSF) loan deal.
* It responds to geopolitical volatility, trade protectionism, and global inflationary pressures.
* It emphasizes a balanced, flexible planning approach to quickly adapt strategies to global shifts.
Vision
* Building a dynamic, shock-resilient economy based on massive infrastructure investments: roads, ports, energy, smart transport, and economic zones.
* Consolidating structural reforms into one cohesive narrative for policymakers, investors, and international partners.
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