Mostafa Madbouly
In a press conference on Thursday, Madbouly stated that Egypt, in collaboration with the international community, will address the urgent needs in the Gaza Strip, including food, fuel, and medical supplies, to help residents overcome this significant crisis.
Egypt’s Prime Minister Mostafa Madbouly, said on Wednesday that the opening ceremony of the Grand Egyptian Museum will be fitting for ‘such edifice, which is the largest museum in the world.’
Madbouly has called on the private sector to participate in managing and operating the industrial powerhouse in El-Mahalla El-Kubra.
Madbouly announced that the first tranche of the European Union’s support for Egypt, worth one billion euros, was deposited into the Central Bank last Friday
Egypt’s Prime Minister Mostafa Madbouly, reviewed tourism investment opportunities in the downtown area of Cairo Governorate, with a number of investors, during a meeting held on Thursday, in the presence of Sherif Fathy, Minister of Tourism and Antiquities, Ibrahim Saber Khalil, Governor of Cairo, and a number of other officials.
Madbouly said the Cabinet has approved partnering with the International Finance Corporation (IFC) to offer Egyptian airports for management and operation in collaboration with the private sector.
The Prime Minister opened the session by emphasizing the state’s strategic efforts in Jarjoub, noting the establishment of a port and ongoing renewable energy projects in the region.
Finance Minister Ahmed Kouchouk noted that the initiative will not only offer an economical alternative to gasoline and diesel but also contribute to environmental sustainability. By switching to CNG, Egypt is expected to cut carbon dioxide emissions by 1.5 million tons annually, leading to improved air quality and a healthier environment.
He proposed organizing an investment forum to explore opportunities in key sectors and attract more US investments
Prime Minister Madbouly highlighted Egypt’s vast investment opportunities in the industrial sector, inviting Saudi companies to capitalize on Egypt’s strategic network of free trade agreements. These agreements, he explained, open access to international markets and provide competitive advantages for investors
A key highlight of the trip was the declaration of a strategic partnership with Denmark, paving the way for increased collaboration in sectors like renewable energy, trade, and technology. Madbouly noted that these agreements open new avenues for cooperation and support Egypt’s economic diversification goals.
During a press conference, Madbouly confirmed that Wataniya and Safi will be listed on the stock market by mid-next year. Additionally, shares of state-owned Alexandria Bank and Banque du Caire will also be included in the upcoming offerings.
Madbouly disclosed the government's plans to offer 11 companies for sale during the upcoming year, prominently featuring the military-affiliated Wataniya, Safi, Silo Foods, and ChillOut
Speaking at the Doha Forum 2024, he highlighted that over the past 10 years, the government has consistently worked to create new job opportunities while navigating economic challenges.
These opportunities span the North Coast, Cairo, Nile-front locations, the New Administrative Capital, and other cities, offering promising prospects for investors.
The prime minister also highlighted investment opportunities in the New Administrative Capital and other cities, emphasizing that businessmen willing to invest in these projects will obtain the nation’s golden license, which facilitates project implementation.
Egypt's prime minister stressed Cairo’s commitment to bolstering cooperation with Doha in various fields, especially with regard to Qatari investments in several sectors across Egypt
Al Shami expressed his aspiration for enhancing cooperation with the Egyptian government in several important economic matters
During his visit to the site, Prime Minister Madbouly reviewed various components of the project, including transformer rooms and high-voltage equipment areas.
For businesses located outside of the free zones, the cost of natural gas will still be calculated in Egyptian pounds.
