Egypt is positioning sports as a key driver of economic expansion, with plans to contribute 3 percent of its gross domestic product by 2030. The government views the sector as a strategic investment, capable of generating employment, attracting foreign capital, and boosting domestic consumption. Initiatives include developing sports infrastructure, promoting professional leagues, and hosting international events to enhance visibility and tourism. Public-private partnerships are being encouraged to fund stadiums, training centers, and youth programs. Officials believe that a thriving sports industry can also improve public health and social cohesion. This move aligns with broader economic diversification efforts aimed at reducing reliance on traditional sectors.
— news from برلمانى
— News Original —
Egypt Bets on Sports as a New Engine for Economic Growth, Aiming for 3% of GDP by 2030
Egypt is positioning sports as a key driver of economic expansion, with plans to contribute 3 percent of its gross domestic product by 2030. The government views the sector as a strategic investment, capable of generating employment, attracting foreign capital, and boosting domestic consumption. Initiatives include developing sports infrastructure, promoting professional leagues, and hosting international events to enhance visibility and tourism. Public-private partnerships are being encouraged to fund stadiums, training centers, and youth programs. Officials believe that a thriving sports industry can also improve public health and social cohesion. This move aligns with broader economic diversification efforts aimed at reducing reliance on traditional sectors.