Egypt has set out the targets for its National Economic Transformation Programme to the end of fiscal year 2029/30. Prime Minister Mostafa Madbouly told the closing sessions of Egypt Forum 2026 that the programme aims for 6.8 percent economic growth, 7 percent inflation and a 5.5 percent unemployment rate, through 185 measures across agriculture, manufacturing, ICT, tourism and energy.
On land and food, cultivated area is to rise to 12.5 million feddans by 2030, from 10.5 million feddans now and 9.1 million feddans earlier, including a 2.2 million feddan reclamation project with 100 billion Egyptian pounds of investment. Wheat self sufficiency is to rise above 60 percent and grain storage capacity to more than 6 million tonnes within two years.
On industry, annual domestic car production is to exceed 100,000 vehicles with 60 percent local content, building on 16 industrial complexes housing roughly 4,800 factories. The forum recommendations also include one million housing units over four years and a minimum wage of 15,000 Egyptian pounds by fiscal 2029/30.
On infrastructure, renewables are to exceed 45 percent of the electricity mix by the end of 2028, desalination capacity is to reach 10 million cubic metres per day over the longer term, and the country is building a 2,250 kilometre high speed electric rail network. The targets are goals rather than funded commitments, and their value to investors is as a map of where state spending and incentives will be directed.