RIYADH: Egypt has unveiled a sweeping initiative that places the private sector at the center of future growth, with Prime Minister Mostafa Madbouly vowing to cut debt to the lowest level in the country’s history and sustain export expansion.
The National Narrative for Economic Development, launched in the New Administrative Capital and attended by cabinet members, lawmakers, diplomats, and business leaders, has a blueprint that integrates the government’s reform agenda with Egypt Vision 2030.
It will undergo two months of consultation with experts and the public, with the final version due in December.
“The narrative is based on a fundamental principle that we affirm with utmost clarity, which is that the private sector will lead economic development in Egypt, and strongly, in the coming period,” Madbouly said in his opening speech.
He added that the government aims to reduce debt levels to “the lowest level Egypt has ever seen in its history.”
