Egypt's private sector drives 80% of GDP, minister says
Planning Minister Ahmed Rostom told a Washington roundtable that the private sector also supplies most investment and jobs as the country pursues a 2027-2030 reform plan.
Egypt's economic policy is moving towards a private sector-led growth model, Minister of Planning and Economic Development Ahmed Rostom said at a roundtable organised by the American Chamber of Commerce in Washington, DC, on the sidelines of the B20 Summit 2026. He said the sector accounts for about 80% of gross domestic product.
Rostom said the private sector makes up 60.8% of total investment and employs 83% of the labour force. The meeting was attended by Investment and Foreign Trade Minister Mohamed Farid and members of the Egyptian-American Business Council. Rostom called on US businesses to move from strategic dialogue to economically viable projects.
Rostom outlined the National Economic Transformation Programme 2027-2030, which contains 185 reform measures across five sectors that together account for 40% of GDP. It targets growth of 6.2-6.8% and inflation of 5-7% by 2030. He also pointed to a Infrastructure Finance Guarantee Facility set up with the World Bank for renewable energy, water desalination and urban development.
Why it mattersUS firms are invited to join projects in clean energy, AI, cloud computing and data centres, with Egypt's 2027-2030 programme setting growth and inflation targets.