CAIRO, Aug. 28 (Xinhua) -- Egypt has set an economic growth target of 4.5 percent for the current fiscal year 2025-26 that started on July 1, the Ministry of Planning, Economic Development and International Cooperation announced Thursday.

Based on anticipated effects of macroeconomic reform measures, gross domestic product (GDP) is expected to reach 20.4 trillion Egyptian pounds (420 billion U.S. dollars), up 18 percent from the previous year's expected 17.3 trillion pounds, the ministry said in a statement.

An economic and social development plan for the current fiscal year will focus on managing public investments, attracting foreign direct investment, and increasing private sector participation, with an aim to boost Egypt's productive capacities in tradable and export-oriented sectors, the ministry said.

Total targeted investments in the plan are set to reach nearly 3.5 trillion pounds, representing 17.1 percent of GDP in the current fiscal year, it added. ■