Telecom and Tourism Sectors to Drive Economic Growth in 2025/2026 Plan

A report by the Financial, Economic, and Investment Affairs Committee of the Egyptian Senate revealed that economic growth in the fiscal year 2025/2026 will primarily rely on a set of key sectors. These sectors are expected to exceed the average GDP growth target of 4.3%. According to the report, the telecommunications sector leads with a targeted growth rate of 11.2%, followed by tourism at 7.5%, and manufacturing at 5.9%. This highlights the role of these sectors in supporting the economy and enhancing regional and international competitiveness. The development plan also aims for moderate growth rates between 4.3% and 4.8% in vital sectors such as construction, transportation, healthcare, and education. Conversely, some other sectors are expected to grow at below-average rates, ranging from 2% to 4%, reflecting varying growth dynamics. The committee emphasized that this approach aligns with an integrated strategic vision to boost local production, stimulate high value-added sectors, expand the role of the private sector, ensure sustainable growth, create new job opportunities, and drive economic development forward.
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