These agreements, including a declaration of strategic partnership with Denmark, are expected to open new avenues for collaboration in sectors such as renewable energy, trade, and technology.
During his weekly cabinet meeting, Prime Minister Mostafa Madbouly stressed on President Abdel Fattah El-Sisi’s European tour and efforts to enhance Egypt’s economic and industrial environment. The Prime Minister highlighted the significance of the President’s visits to Denmark, Norway, and Ireland, emphasizing the strategic partnerships and agreements signed during the tour.
These agreements, including a declaration of strategic partnership with Denmark, are expected to open new avenues for collaboration in sectors such as renewable energy, trade, and technology.
Madbouly underlined the importance of President El-Sisi’s meetings with international business leaders and global companies, which showcased Egypt’s economic reforms and investment incentives. The discussions highlighted opportunities in renewable energy and other promising sectors, reinforcing Egypt’s position as an attractive destination for foreign investment and a key player in regional and global economic networks.
The Prime Minister also discussed his participation in the Doha Forum 2024 on behalf of President El-Sisi. He held meetings with Qatari business leaders, including representatives from the Qatar Chamber of Commerce and the Qatari Businessmen Association, to explore investment opportunities in Egypt. These discussions focused on measures the government has taken to improve the investment climate, aiming to attract significant Qatari capital across various sectors.
Domestically, Madbouly reviewed his recent visits to industrial hubs, including El-Robiki and Port Said, where he inspected developmental projects and engaged directly with investors to address their concerns. He emphasized the government’s ongoing commitment to fostering a competitive industrial base and increasing private sector participation. The visits underscored the determination of Egyptian manufacturers to localize industries and leverage the country’s vast resources to expand exports and enhance the global competitiveness of Egyptian products.
The Prime Minister reiterated the government’s focus on the industrial sector as a cornerstone of economic development, announcing new initiatives to simplify investment procedures and attract capital to this vital area. He highlighted the sector’s potential to drive economic diversification, create jobs, and contribute to long-term sustainable growth. Madbouly emphasized that these initiatives align with Egypt’s broader strategy to strengthen its economy and position itself as a regional hub for manufacturing and trade.
Concluding the meeting, Madbouly stressed the importance of international partnerships and the role of recent agreements in advancing Egypt’s economic agenda. He noted that the government’s efforts to build strong ties with European and Gulf countries, alongside its focus on industrial development, would help solidify Egypt’s role in global supply chains and contribute to achieving sustainable economic growth.
