Arab Finance: The Egyptian government targets raising the minimum wage from EGP 8,000 to EGP 15,000 by fiscal year (FY) 2029/2030, Prime Minister Mostafa Madbouly announced.

The plan forms part of the government’s efforts to boost citizens’ incomes and ease the cost-of-living burden.

During the closing session of the Egypt Forum 2026, Madbouly also outlined objectives to improve the financial conditions of employees in the education, healthcare, and higher education sectors.

Under these goals, average incentive payments for healthcare personnel are set to increase by at least 50% by the end of FY2029/2030, supporting medical staff and encouraging them to continue providing essential healthcare services.

As for teachers, the government plans to introduce a phased financial incentive system to raise their minimum income to EGP 15,000 within two years.

In July, the Egyptian Cabinet increased the minimum wage by EGP 1,000 to EGP 8,000 monthly.

Moreover, Madbouly said that Egypt plans to upgrade 600 technical schools in partnership with the private sector and the labor market, while offering financial incentives to private-sector partners through 2030. The government also plans to increase the number of Egyptian-Japanese schools to 500 from the current 103 within three years.

In the roads sector, the government will launch a national program to improve local roads across the governorates at an estimated cost of EGP 42 billion, with implementation scheduled for completion within three years, Madbouly added.

In energy, Egypt aims to increase installed renewable energy capacity to nearly 30 gigawatts by the end of 2028 as part of efforts to diversify its energy mix and expand reliance on clean, sustainable sources.

The government will also implement a national program to boost domestic oil and natural gas production through the end of 2030. The program targets raising natural gas output to 6 billion cubic feet per day and increasing crude oil and condensate production to 700,000 barrels per day to help meet domestic energy demand. The targets also include connecting an additional 3.2 million housing units to the natural gas network by 2030.

On digital transformation, the government aims to complete the digitization of services provided to citizens, investors, and government entities within three years, according to a defined timetable.

The number of services available through the Egypt Digital platform is expected to increase to 500 before the end of this year, from 250 currently.

The government also plans to increase the data allowance of basic fixed broadband packages to 100 gigabytes from 50 gigabytes, while expanding digital infrastructure and improving the quality of telecommunications and internet services.