El-Said stressed the importance of proactively preparing for the next FY while taking into consideration the various complex challenges that Egypt is dealing with
Minister of Planning and Economic Development (MPED) Hala El-Said has kicked off strategic discussions to chart Egypt’s investment priorities for the next fiscal year (FY2024/2025), as well as assess the progress of the current FY’s plan.
According to an official statement by the planning ministry on Tuesday, El-Said met with ministry officials to go over the FY2023/2024 plan and achievements, project completion rates, and other key indicators under MPED’s purview.
El-Said stressed the importance of proactively preparing for the next FY while taking into consideration the various complex challenges that Egypt is dealing with.
The meeting covered discussions on the investment structure for FY2024/2025, strategies to amplify the role of the private sector, and the efficient utilization of available resources through government austerity measures, the statement explained.
The MPED minister called for bolstering the “greening” of the new fiscal year’s plan, aiming to boost the percentage of green projects to 50% of the investment plan for FY2024/2025 in line with the updated version of Egypt's Vision 2030.
El-Said also emphasized investments directed towards the health and education sectors are a priority.
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To ensure the upcoming plan is comprehensive and representative of all sectors, El-Said gave instructions to begin extensive meetings with the private sector, parliamentary members, experts, and civil society figures.
Meeting with El-Said were Deputy Minister of Planning and Economic Development Ahmed Kamali, Economic Advisor to the Minister Fathi Saqr, Assistant Minister for Sustainable Development Plan Affairs Jameel Helmy, and other key officials from various sectors.
Earlier in December, El-Said shared that Egypt is looking to invest EGP 100.7 billion to boost the manufacturing sector for the upcoming FY.
