Egypt to become active player in establishing joint Arab market for electricity in 2024-2030: IDSC – Egypt Today

Egypt to become active player in establishing joint Arab market for electricity in 2024-2030: IDSC – Egypt Today

CAIRO 8 January 2024: The Information and Decision Support Center (IDSC) of the Egyptian Cabinet prepared a research project entitled “The Document on the Most Important Strategic Directions of the Egyptian Economy for the New Presidential Period (2024-2030),” which outlines and determines the priorities for action at the policy level for the Egyptian economy until 2030.

 

The project considers macroeconomic trends, as well as trends at the level of the economic and social sectors that support the renaissance of the Egyptian state.

 

In terms of electricity, it is targeted in 2024-2030 to implement electrical interconnection projects between Egypt, Saudi Arabia, and Jordan, so that Egypt will become an active player in establishing a joint Arab market for electricity, in addition to electrical interconnection projects with Sudan and electrical interconnection projects with Italy and Greece.

 

While regarding tourism agenda in (2024-2030), it is targeted to increase tourism revenue growth rates by no less than 20 percent annually to achieve a targeted revenue of $45 billion by 2030.

 

At the exchange rate level, work will be done to continue adopting a flexible exchange rate policy to enhance the flexibility of the Egyptian economy in the face of shocks in parallel with the improvement in foreign exchange