He mentioned directives to the Ministry of Finance to allocate LE 100 billion to address the coronavirus crisis and to launch an initiative to support the tourism sector, in addition to providing LE 20 billion to exporters in 2020 to pay the dues of the Export Development Fund to the exporting companies.

The remarks were delivered by Minister of Industry, Trade and Small Industries Nevin Gamea on behalf of the premier to the fifth edition of “Egypt for the best” summit.

Achieving comprehensive and sustainable economic development is one of the top priorities of the political leadership, the prime minister said.

The Egyptian private sector has played a major role in implementing the state's plan to cope with the repercussions of coronavirus pandemic, he added.

Ministers Hala el Saeed of Planning and Economic Development and Hisham Tawfiq of the Public Business Sector and 700 key executive officials of major companies are participating in the event, held under the auspices of Prime Minister Mostafa Madbouli.

Up to 100 companies and 50 most prominent women were honored during the summit, which was launched by Amwal Al Ghad business magazine to honor key entrepreneurs and women who contribute to strengthening Egypt’s economy and increasing rates of GDP under the ambitious economic program adopted by the political leadership.

The event aims to support women, discover a generation of women capable of boosting national development plans and convey messages on the new conditions in Egypt and the 2030 Vision.