Madbouly: 8,278 projects finalized over past 4 years

BANHA, Egypt - 15 December 2018: Prime Minister Mostafa Madbouli reviewed on Saturday what was achieved in various fields over the past four years; between July 2014 and December 2018.

Addressing the inauguration ceremony of a sewage treatment plant in Qalyoubia’s el Khanka district in the presence of President Abdel Fattah El Sisi, Madbouli said a total of 8,278 projects have been finalized during this period with total investments of EGP 1.56 trillion.

These projects have provided millions of job opportunities, he said, noting that national projects have made a real breakthrough in Egyptian economy, thanks to President Sisi’s almost daily follow-up.

Madbouli also expressed thanks to former prime ministers Ibrahim Mahlab and Sherif Ismail for their contributions to these projects.

Commenting on the sewage treatment plant inaugurated today, the premier said it is one of the world’s three largest projects in this field, describing it as a city.

Meanwhile, Madbouli said economic indicators show that unemployment rates in Egypt declined to less than 10 percent for the first time in years, adding that the government program aims to reduce it to 8 percent or less.

He also indicated that November 2018 saw a negative inflation rate in the country, the best level ever achieved since 2015.