Freedom and Justice Party : Minister of Planning: Egypt's National Income Doubles Within Ten Years
08/20/2012| 04:02am US/Eastern
Egypt's Minister of Planning and International
Cooperation Ashraf Arabi announced that a draft plan has been
completed for an effective strategy to double national income
within the next ten years - in the period from 2012 to 2022.
This will be ready for release for public review in the next
In a press statement to news agency MENA, Arabi said the
ministry, assisted by a special team of Japanese experts,
drew up the strategy to serve as a guiding framework and
reference to be consulted in the development of detailed
plans for each phase during that period.
"This strategy will be a general Egyptian reference for
plans and projects that we aim to achieve, not tied to any
specific government being in power, so that any government
can complete what has been started."
Arabi further pointed that the proposed 10-year development
plan aims to boost growth potential to reach the highest
levels possible and to double national income within a period
of ten years.
"Moreover, it aims to achieve full employment, providing
a sufficient number of jobs with decent wages for the rapidly
growing labor force, and transforming the resources-based
economy to an economy based on advanced technologies and
knowledge, which will help preserve the environment.
"It also aims to increase the state's welfare capacity
through a participatory approach based on the development of
a new method of planning, and in particular a method to set
strategic vision and scope, and through proposed
institutional changes to support and enhance the
effectiveness of the planning system in Egypt."
The Minister of Planning also pointed that the strategy is
based on achieving objectives by executing programs,
initiatives and projects developed through constant, daily
interaction between state institutions and the private sector
in accordance with the prevailing legislative frameworks and
substantive considerations determined by available resources
and the state budget.