Presidential decree mandating Egypt's PM to endorse budgets of some state bodies

CAIRO - 17 July 2020: President Abdel Fattah El Sisi on Friday issued decree no. 296 of 2021 amending some provisions of decree no 279 of 2018 mandating the prime minister in assuming some presidential duties. The decree was published in the official gazette

The amendment mandates the prime minister to endorse the state budget and budgets of some state bodies.

Madbouli, a 52-year-old architect and urban designer, has been the housing minister since March 2014. He was assigned as the acting premier during Ismail's trip to Germany for medical treatment last year.

Madbouli served as director of the United Nations' HABITAT Regional Office for Arab States from 2012 until 2014.

Graduated from Cairo University's Faculty of Engineering in 1988, he acquired his master degree in urban planning from Cairo University in 1992.

As the country's population is approaching 100 million, Madbouli said Egypt is considered a large market in the fields of real estate and urban development in light of the newly expanded networks of roads and utilities.

He estimated investments with private sector developers in urban and real estate projects at 350 billion Egyptian pounds in 2018.