These initiatives prioritize attracting foreign investment, improving public services, and addressing citizen concerns.
Egypt's Prime Minister, Mostafa Madbouly, outlined several key initiatives undertaken by the new cabinet. These initiatives prioritize attracting foreign investment, improving public services, and addressing citizen concerns.
Focus on Foreign Investment:
The re-establishment of the Ministry of Investment signifies a renewed focus on attracting foreign direct investment. The government aims to create a more streamlined and efficient environment for investors.
Addressing Public Concerns:
Prime Minister Madbouly announced regular meetings with intellectuals and media professionals to discuss public interest matters and citizen concerns. Weekly meetings will be held for citizens to directly voice their questions and concerns.
Specialized ministerial groups will be formed to tackle critical sectors like tourism, economy, energy, and entrepreneurship.
Economic Priorities:
The government is prioritizing industrial development, resolving the power outage issue, and implementing price controls. Almost $1.2 billion has been allocated to address the electricity issue in the coming period. The government secured the necessary resources to contract fuel shipments, ensuring a more stable energy supply.
Overall Strategy:
By merging ministries, the government aims to improve coordination, achieve better integration, and work towards reducing deficits and foreign debt.
The government is committed to supporting both foreign direct investment and strengthening domestic industries. These initiatives highlight the new government's focus on economic growth, improved public services, and fostering a more open dialogue with citizens.
