Arab Finance: Prime Minister Mostafa Madbouly presented the government's plan titled "Together We Build a Sustainable Future" before the House of Representatives, as per a statement on July 8^th.

Madbouly addressed three main challenges: the global economic crisis stemming from the Russian-Ukrainian war, which has led to unprecedented price increases and supply chain disruptions, regional conflicts, notably the recent Israeli-Palestinian conflict which has impacted Egypt's economy including Suez Canal revenues, and the broader geopolitical instability affecting international trade in the Red Sea region.

The Egyptian government’s program for 2024/2025 - 2026/2027, themed "Together We Build a Sustainable Future," aims to complete construction and development to ensure a sustainable future.

The program focuses on several pillars: protecting national security and foreign policy, building and enhancing the well-being of the Egyptian people, creating a competitive economy that attracts investments, and achieving political stability and national cohesion.

The first pillar includes strengthening cybersecurity, regulatory and legislative frameworks, and international cooperation in cybersecurity.

It also emphasizes enhancing Egypt’s soft power, international image, and cultural, media, and communication performance.

The government is committed to consolidating national culture and identity, renewing religious discourse, and deepening cultural and creative awareness.

The second pillar focuses on building the Egyptian human cadres and enhancing well-being, with sub-axes in social protection, health, education, youth and women’s empowerment, employment, workforce, housing, and facilities.

The third pillar aims to build a competitive economy that attracts investments.

Madbouly added that the government targets a growth rate of 4.2% in the first year for the new government, with an average growth rate exceeding 5% throughout the program period.

Moreover, Madbouly highlighted the government's commitment to implementing an investment plan to localize and deepen the local industry for approximately 152 specific investment opportunities nationwide.

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