prime minister
Madbouly emphasized the significance of President Abdel Fattah El-Sisi's participation in the G20 Summit held in Rio de Janeiro, Brazil.
Egypt’s prime minister Mostafa Madbouly, said on Wednesday that the government is focusing on pushing the industrial sector, announcing that El Nasr Automotive Manufacturing Company has resumed its work, explaining that the Automotive Company is part of the Egyptian heritage.
He reaffirmed the committee’s dedication to continuing the downward trend in external debt after successfully reducing debt-to-GDP levels in the last fiscal year.
Madbouly praised the rapid growth of the sector, attributing it to government efforts to enhance digital services, integrate technology into meeting citizens' needs, and accelerate economic development.
He instructed the Ministers of Petroleum and Health to prioritize collaboration with Azerbaijan in these areas, in line with Egypt’s broader strategy to deepen partnerships and foster growth in critical industries
Representing Egyptian President Abdel Fattah al-Sisi, Madbouly participated in a roundtable on energy and climate change mitigation, emphasizing Egypt’s target of 42% renewable energy in its energy mix by 2030.
This commitment was reaffirmed during Madbouly's meeting with Azerbaijani Prime Minister Ali Asadov at the COP29 climate summit in Baku.
Madbouly announced that the Investment Minister will unveil an updated privatization plan later this month
The government’s primary goal, he emphasized, is to drive growth while safeguarding citizens’ well-being.
The PM held a press conference today to announce the opening of the 12th edition of the World Urban Forum.
She anticipates that inflation rates could fall to 17 percent in the coming period, a goal backed by the IMF’s support of Egypt’s ongoing economic reforms.
Egyptian Prime Minister Mostafa Madbouly headed to Suez city Saturday, where he paid inspection visit to a number of major projects and inaugurated others.
This decision comes in response to directives from President Abdel-Fattah El-Sisi earlier this week to reassess the agreement to alleviate the strain on citizens as Egypt grapples with economic hurdles, including inflation and high debt.
These adjustments reflect significant increases since the beginning of the year, with diesel prices rising by 63 percent and octane prices by over 30 percent.
Madbouly provided updates following a recent government meeting, highlighting key developments in Egypt's economic outlook and its strategic relationship with Saudi Arabia.
This project, situated in the Developers Zone of Sadat City in the Monufia Governorate, will focus on flax production, spinning, and weaving, spanning approximately 52,000 square meters.
Speaking at the Cabinet meeting, Madbouly underscored that these initiatives are poised to leverage promising investment prospects in Egypt, fostering economic growth and amplifying Egyptian exports.
Sisi ordered continued enhancement of the capability of the national network to accommodate the expected increase in consumption
The discussions centered on adjusting carbon limits to enhance the competitiveness of Egyptian exports.
Key aspects of the green data center project and its objectives were deliberated during the session.
