Minister: Government'sprogram based on "Egypt 2030" strategy

The government's program was drawn up according to the objectives of "Egypt 2030" strategy, planning Minister Ashraf el Araby said on Thursday. 

The 2016/2017 budget is also based on the strategy, the minister added in an economic forum. 

The strategy aims to place Egypt among the world's top 30 economies, el Araby said. 

The strategy, launched in March 2016, targets three main goals: economic development, competitiveness of markets and human capital.

Under the Strategy, the government will be committed to achieving a growth rate of seven percent, increasing investment rates to 30 percent, raising the contribution of services to GDP to about seven percent, increasing exports to 25 percent, and reducing unemployment rates to about 5 percent. 

Through the 2030 strategy, the Egyptian government seeks to maximize the use of local energy sources - traditional or renewable - and develop the production capacity of the energy sector to be more effective in boosting the economy and adapt to the ever growing changes in the field of energy.

Source: MENA