Ali Dessouky, a member of the Economic Affairs Committee in Egypt’s House of Representatives, described the launch of the National Narrative for Economic Development as a pivotal milestone in the nation’s economic reform journey. He emphasized that the strategic pillars outlined in the framework reflect a deep governmental understanding of current economic challenges and a scientifically grounded, holistic approach to addressing them.
Dessouky highlighted that the focus on economic stability, foreign investment incentives, labor market efficiency, and regional development planning signals a clear shift toward building a resilient and competitive economy centered on exports and inter-sectoral integration, rather than relying predominantly on domestic consumption.
In a special statement to “Sada Al-Balad,” he noted that the new narrative establishes a unified framework aligning Egypt’s 2030 Vision with government programs and global economic trends. This coherence, he argued, enhances policy transparency and sends reassuring signals to both domestic and international investors.
The lawmaker underscored that the government’s decision to open the narrative for two months of public dialogue demonstrates a genuine commitment to inclusivity and consensus-based policymaking. He called on business leaders, experts, and academics to actively engage in the consultation process to ensure the final strategy benefits from diverse expertise.
Dessouky concluded by stating that Egypt’s current phase of redefining the state’s economic role and expanding space for private enterprise reflects a strategic transformation in official economic thinking. This shift, he believes, lays the foundation for a new era of sustainable growth, job creation, and improved living standards for Egyptian citizens.
— news from (صدى البلد)
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Parliamentarian: National Narrative Marks a New Launch for Comprehensive Economic Reform and Investment Incentives
Ali Dessouky, a member of the Economic Affairs Committee in the House of Representatives, affirmed that the launch of the “National Narrative for Economic Development” represents a pivotal milestone in the path of Egypt’s economic reform, pointing out that the strategic axes it includes reflect deep governmental awareness of current economic challenges and ways to address them through a scientific and comprehensive approach.
Building a Flexible and Competitive Economy Based on Exports
Dessouky added, in a special statement to “Sada Al-Balad,” that focusing on axes such as economic stability, stimulating foreign investment, improving labor market efficiency, and regional planning for development reflects the state’s direction toward building a flexible and competitive economy based on exports and integration among sectors, not merely on local consumption.
He pointed out that the new narrative represents a unified framework for the state’s economic vision, linking the goals of Egypt’s 2030 Vision with government programs and regional and international developments, thereby enhancing transparency and clarity in economic policies and sending reassuring messages to investors at home and abroad.
The economic committee member stressed that the government’s call for community dialogue on the narrative’s axes over the next two months reflects a genuine desire for inclusivity and formulating policies based on societal consensus and technical expertise, urging all relevant parties—business community, experts, and academics—to positively engage with this step.
Dessouky concluded his statement by affirming that what Egypt is currently witnessing—redefining the state’s role in the economy and opening space for the private sector—reflects a strategic shift in official economic thinking and lays the foundation for a new phase of sustainable growth, employment, and improved quality of life for Egyptian citizens.