Egypt’s government is stepping up efforts to expand reliance on solar energy, enforce stricter public spending controls, and boost strategic reserves of key commodities and fuel, while continuing initiatives to improve the investment climate.
These measures were highlighted during the weekly cabinet meeting chaired by Prime Minister Moustafa Madbouli on Thursday, who emphasised directives from President Abdel Fattah el-Sisi to accelerate renewable energy projects—particularly solar—as part of a broader strategy to diversify energy sources and transition towards a sustainable energy mix.
Madbouli also stressed ongoing coordination with the Central Bank to secure financing and maintain adequate foreign currency availability, ensuring stable supplies of strategic goods and petroleum products.
As part of fiscal discipline efforts, the government is implementing spending rationalisation measures, including delaying some fuel-intensive national projects, reducing fuel allocations for government vehicles, and expanding remote work across public entities.
The prime minister further highlighted steps to enhance the investment environment and support private sector growth, alongside directives to increase reserves of essential goods and medicines to maintain stable domestic supplies.
