Egypt Targets $300 Billion in Revenue Annually

  • Cairo, Arab Republic of Egypt
  • 8 January 2024
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The Egyptian Cabinet approved a document entitled "Strategic Directions of the Egyptian Economy for the New Presidential Period (2024-2030)", which includes 8 strategic directions for the Egyptian economy, including achieving strong, comprehensive, sustainable, and balanced economic growth that supports the renaissance of the Egyptian state ranging from 6 to 8 percent, by enhancing the contribution of both exports and investments in generating output and focusing on a pace of economic growth that supports employment to provide between 7 to 8 million jobs during that period.

It adopts predictable and supportive macroeconomic policies aimed at achieving price stability, and fiscal discipline, putting public debt on sustainable paths, and implementing a program to enhance foreign exchange receipts with a target of $ 300 billion by the end of 2030.

Source (Al-Arabiya.net Website, Edited)

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