Egypt’s Prime Minister Moustafa Madbouli met on Monday with Urban Development Fund chairman Khaled Seddik to follow up progress to date in several projects nationwide.
The premier said the government is eager to eliminate obstacles to the completion of urban development projects, which contribute to restoring the civilised appearance to Egyptian cities.
“Such projects will create many investment opportunities, serving all development goals,” the prime minister said.
For his part, Seddik spoke about work progress in the Fustat Gardens development project, which covers Amr Ibn Al-Aas Mosque Square.
Fustat Gardens will be a public park in the centre of Old Cairo’s archaeological and historical sites and monuments, Seddik said.
The project will render the first Islamic capital in Africa into an open museum for visitors from all over the world with 500 acres of Fustat Gardens, the largest scheme of its kind in the Middle East, Seddik added.
The government plans to integrate Al-Fustat into the development of nearby Ain El-Sira Lake and the National Museum of Egyptian Civilisation (NMEC).
The prime minister also met head of Egyptian Competition Authority (ECA) Mahmoud Momtaz to review the agency’s work files for last year.
Momtaz said a series of memoranda of understanding (MoUs) were signed with the Competition Commission of South Africa, the Greek Competition Protection Commission, the General Authority of the Kingdom of Saudi Arabia, and the Omani Ministry of Commerce, Industry and Investment Promotion.
Momtaz reviewed salient efforts by the Competition Protection Authority, saying that in 2022 the agency finished 344 examinations and case studies in various sectors.
He pointed out that Egypt won an honorary award from the World Bank and the International Competition Network for the decisions taken by the agency regarding competition policies and confronting monopolistic practices in times of crises.
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