Egypt’s Prime Minister Moustafa Madbouli said on Tuesday that Egypt possesses a clear and ambitious economic vision extending beyond the current agreement with the International Monetary Fund (IMF).
This vision is based on the structural reforms implemented in recent years and will guide the nation’s development through 2030.
Madbouli’s remarks were made while chairing the weekly Cabinet meeting at the government headquarters in the New Administrative Capital. During the meeting, the premier revealed the upcoming launch of a comprehensive national strategy titled “The National Narrative for Economic Development: Policies Supporting Growth and Employment.”
He has made it clear that the strategy will be open for broad community discussion with economists, specialists, and other stakeholders to build consensus on its goals and implementation.
New investments with Qatar
Prime Minister Madbouli confirmed that the Qatari direct investment package, worth $7.5 billion, has been initiated. This package is part of Doha’s ongoing commitment to strengthening its economic partnership with Cairo.
He stressed the importance of maintaining active coordination and communication with the Qatari business community, while also highlighting the diverse and promising investment opportunities available in Egypt.
He also pointed out the facilitations and incentives provided by the Egyptian government to create a more attractive and competitive environment for foreign investment.
Presidential moves to enhance economy
Prime Minister Madbouli highlighted President Abdel Fattah El Sisi’s recent diplomatic initiatives, including meetings with Arab leaders, aimed at strengthening bilateral relations and tackling regional issues. The prime minister also discussed his own participation, representing President Sisi, at the Shanghai Cooperation Organisation Plus Summit in Tianjin, China.
He noted that his meeting with Chinese President Xi Jinping was “very productive”, as were his conversations with executives from major Chinese companies.
These talks underscored a mutual interest in increasing Chinese investment and industrial partnerships in Egypt, particularly in key sectors such as electric vehicles, renewable energy, and seawater desalination. Madbouli affirmed Egypt’s readiness to convert this positive momentum into practical cooperation that serves national goals and boosts local manufacturing.
