CAIRO – The Cabinet reviewed key national developments over the past week, including President Abdel Fattah El Sisi’s recent diplomatic engagements and Prime Minister Moustafa Madbouli’s latest field visit to Menoufiya governorate, according to Cabinet Spokesman Mohamed El-Homsani.
In an interview with eXtra News, Homsani said the Prime Minister’s visit came as part of efforts to follow up on the implementation of national development projects, particularly the Presidential Initiative “Decent Life”. The tour included inspections of projects in the education and healthcare sectors.
These sectors remain top priorities for the government due to their direct impact on citizens’ daily lives, he said, noting that the first phase of the initiative is nearing completion, with preparations underway for the second phase.
During the session, Minister of Planning and Economic Development Hala El-Saaed presented the latest economic performance indicators, which reflect continued improvement, as recognized by international institutions.
Annual inflation dropped to 12% in August, remittances from Egyptians abroad increased, and growth rates improved, she reported.
Homsani noted that growth was largely driven by the industrial sector, despite pressures from declining Suez Canal revenues and lower output in extractive industries.
He stressed that industrial momentum signals progress in the state’s efforts to reduce imports and enhance local production.
The Cabinet also reviewed efforts to localize the automotive industry, highlighting the announcement of a new partnership between Chinese automaker BYD and Mansour Group to manufacture electric vehicles (EVs) in Egypt.
The agreement marks a significant step toward advancing this emerging industry, Homsani said.
Regarding water resources, the spokesman confirmed that the government is closely monitoring inflow levels into Egypt’s water system, which have increased in recent days as expected.
He added that the Ministry of Water Resources and Irrigation has taken all necessary precautions to manage potential impacts from the anticipated flood season.
