The Prime Minister is witnessing the launch event "National Sardness for Economic Development"

Today, Dr. Mustafa Madbouly, Prime Minister, witnessed the effectiveness of the launching of the National Sardness for Economic Development: Policies supporting growth and employment & quot; in the presence of a large number of ministers, their deputies, members of the House of Representatives and the Senate, the ambassadors of states, and a aspect of heads and representatives of entities and bodies, representatives of the business community, and development participants International. Growth and operation, as the whole world is now busy talking about completely clear targets related to & quot; growth and operation & quot;, in light of the turmoil that has been present worldwide. Is the Egyptian state in light of the challenges that have a vision for the short and medium term? Does the government have a vision of what it will do after the end of the International Monetary Fund program? Is the state integrating ideas and not working in isolated islands?, And the Prime Minister stressed the attempt to respond to all questions by putting this narrative, which was not placed based on reactions, but – since he obtained confidence & nbsp; President Abdel Fattah Al -Sisi, President of the Republic, to form the new government in July 2024 – I began to work to collect all these efforts, and it is not attributed to the group that has been present since the start of the formation of the current government, but on the contrary, it is an accumulated effort over the past period and a great work in a very exceptional period. Last month, by being in two summits, on behalf of His Excellency President Abdel Fattah El -Sisi, President of the Republic, the first is the Tikad summit in Japan, which is the Japanese African Cooperation Summit, followed by the Shanghai Development Summit in China, with the presence of a very large number of world leaders and countries. It also included noting that what is being done during this period is only the management of crises that the world has not witnessed for 100 years or specifically since World War II, and that it prevails in a very severe lack of clarity and blurring, and in addition to all this, large economic burdens, especially for emerging countries that appear in an enlarged image of religion and increase the burdens of global debt service & quot;

and added that there are demands to reformulate the role played by international institutions, Starting with the United Nations through all international financing institutions, while emphasizing that reforms for these institutions must be made in order to be able to keep pace with many challenges that these institutions cannot deal with.

Dr. Mustafa Madbouly continued: & quot; the conversation was very clear from all these leaders; A state will not be able to stand up in the face of these great challenges, and this is a summary of all the leaders of the world who spoke during these conferences and summits & quot;

and continued: & quot; here we are talking about great countries, not small countries whose conditions can be described as developing or poor & quot;

the prime minister explained that the role of the government despite this great challenge in conditions Highly turmoil; To put a vision of the Egyptian state, and this is what the state has been working for a long time, as our focus today focuses on how to benefit from the effort made by the state, specifically in the infrastructure and logistical sectors that enabled us to focus in the productive sectors more. And the transfer, regarding the establishment of these factories, as well as attracting investments, as the Minister of Investment and Foreign Trade pointed out, confirmed that this was what was, if we did not focus in the past years on developing the infrastructure in Egypt & quot;

Dr. Mustafa Madbouly went on: & quot; no foreign investor can come to the state to pump investments or establish factories and invest in facilities, sectors and services Like tourism; Without being a basic structure; Of the ways, energy, water, gas and sanitation, all of this is what made Egypt eligible today to have a very great opportunity to achieve a boom in the development and growth process & quot;

The Prime Minister made an example in the economic zone of the Suez Canal, explaining that its decision was decades ago, but the large boom that occurred recently, came as a result that the state during the last 6 or 7 years invested and focused on providing all the infrastructure in this region, This led to the presence of today’s crowding on this region by foreign investors, saying: & quot; we expanded the size of the sidewalks and ports, and we linked these areas to networks of advanced roads, infrastructure and the railway, and this is what today led to the existence of large investments and acceleration in the development process & quot;

and added: & quot; thus, we say in this narrative that Egypt today has become -with the infrastructure It has succeeded in implementing it over the past years- able to focus its priorities in the coming period on the trading sectors that create the highest added value, noting that the global experiences of the great countries started with the same approach; It is a focus on the infrastructure, and the start of institutional structural reforms within the country, then the transfer of the trading sectors such as the industry, tourism, communications and information technology, then the next stage, which is innovation, then the most advanced stage, which is the very complex and very growing industries, stressing that Egypt follows this approach. Previous, current, and vision for the next five years, and therefore it includes reforms in the field of monetary policies, financial policies, as well as the reforms that we need to work on regarding taxes and customs, to create a more motivating climate for investment and the private sector, and most importantly, what are the measures that would contribute to simplifying the investment climate, attracting investments and encouraging the private sector to lead the development process very significantly in the country during the stage Next. In the first nine months of the current fiscal year, compared to 2.4% during the past year, and most importantly, this growth came driven by industries and trading sectors, such as: industry, tourism, communications and information technology, and agriculture, which are the sustainable sectors, which experts emphasize the need for the economy to be built, and not on seasonal sectors. A surplus in the budget by 3.6%, and targets the number 4% in the next year, which is the highest numbers achieved by countries regarding the surplus budget, stressing that the state has set a full perception of all these points, indicating that besides everything that is achieved, talking about religion, and the steps followed towards it, pointing out that all the numbers will be present in the executive summary of the narrative, and most importantly in the detailed studies that will be available From next week. 25.7% in July 2024 to 13.9% in July 2025, stressing that Egypt is one of the largest countries in the subject of the remittances of workers abroad, as Egypt achieved a number exceeding 36.5 billion dollars in the last fiscal year, and unemployment rates decreased during the past four years to record its lowest levels. Egyptian in a sustainable manner is no less than 5-7%, explaining that the narrative emphasizes a number of scenarios to achieve this, pointing out that despite the challenges facing the state today at the geopolitical level, and at the external level, and expected worse scenarios, the performance of the Egyptian economy remains a positive stability and vision that international institutions and the Egyptian private sector are seen. What preceded the conference with the heads of export councils at the state level to follow up on growth indicators, explaining that Egyptian exports are expected to achieve a 20% increase during this year compared to last year, which is a significant achievement, stressing the importance of the pursuit so that this number does not decrease over the next five years, and achieve an annual increase by 20% compared to the previous year, which will constitute a real boom for the Egyptian state, and not to achieve rates in a year The decline in the next year, and this is what we seek to achieve through this narrative and this vision that the Egyptian state will adhere to, pointing out that this vision and the narrative will not be considered by the government, but we consider it through these numbers a first draft. Finance and reforms stimulate the investment climate and simplify procedures. We have a strategy for industry, a strategy for tourism, a strategy for communications and information technology, energy strategy, a strategy for the operation, a strategy for human development and a document for commercial policies and identified how Egypt deals and benefits from commercial agreements & quot;. Rather, it is possible through this to look forward to what the Egyptian state will be during the period after 2030 to 2050 & quot; & nbsp;

Dr. Mustafa Madbouly went on: & quot; all that we care about from this matter is how to ensure the sustainability of development, and to maintain high growth rates, and not to falter again during the coming period, and what we will focus on is the quality of growth, so that we have a new developmental economic model For the next five years, and that this narrative is a joint ownership between the government and all the experts who will work on it & quot; & nbsp;

The Prime Minister stressed that the goal of all of this is to improve the quality of life for the Egyptian citizen, indicating that the matter is not only related to numbers and indicators, in the end, these reforms must be reflected positively on the conditions of Egyptian citizens during the next short period, and this is our goal through this Vision. Consequently, work to reduce the role of the state in economic activity, enabling the private sector more and more in the development process, and measuring this with numbers and indications of a clear amount to assess the extent of our success. Community, and dialogue with experts, and specialized working groups will be formed to discuss each of the narrative axes, explaining that the coordinator for these axes will be an Egyptian personality from experts and consultants and not among the Egyptian government, saying: We hope that through this continuous effort and community dialogue & ndash; What will take place within a period of two months to two months and a half- to be able in the month of December to come out in the final image and announce in a detailed in a detailed way on the vision that Egypt will be on during the coming years. The effort represents a draft, so that the movement and community dialogue begins throughout the next two months to revise this effort, in order to ultimately come out a document to see the economic development of the Egyptian state for the next five years, in order to work within the framework of the Egyptian state, and have clear quantitative indicators so that the state, the government and those concerned are committed to implementing it in the coming period.

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