Private Sector
Foreign Minister Badr Abdelatty met on Saturday with EBRD’s President Odile Renaud-Basso and Vice President for Banking Matteo Patrone on the sidelines of EBRD’s 35th Annual Meeting.
The New Delta project, part of the “Future of Egypt” Authority for Sustainable Development, is one of several national initiatives aimed at reclaiming more than 4.5 million feddans, Bahaa El-Ghannam, the authority’s chief, said during the inauguration.
El-Sisi expressed hope that the strategy would align with Egypt’s national priorities and plans, particularly Egypt Vision 2030.
The meeting reviewed the food security system, including the production and distribution of strategic commodities to ensure the availability of safe stockpiles for reassuring periods, the Presidency said in a statement.
Madbouly toured Benha’s investment zone as Egypt pushes to support industry, investors, exports, and price stability.
He emphasized that employers may require employees to work during this holiday if necessary. In this case, the employee is entitled to double their regular pay for that day, in addition to their regular pay, or to be granted another day off in lieu of work, in accordance with the provisions of the Labor Law.
The Ministry of Planning, Economic Development, and International Cooperation reported that private investment climbed to LE 590.7 billion, up from LE 474.7 billion a year earlier.
Private sector workers will receive an official paid holiday tomorrow, Thursday, July 3, 2025, on the occasion of the June 30 Revolution anniversary, instead of the previous Monday, June 30, 2025.
Madbouly said that developing countries today face rising poverty rates, declining food security, a widening digital divide, mounting debt crises, and soaring financing costs.
The president ordered continuing the development of Egyptian airports through international partnerships based on efficiency and sustainability, while also encouraging the private sector's participation, within the framework of Egypt’s Vision 2030.
The figures were disclosed during the “Development Finance to Foster Private Sector-Led Growth & Jobs” conference held in Cairo, which brought together senior government officials, development banks, international institutions, and representatives from the private sector.
Egypt gears up for Eid with full service readiness as PM Madbouly pledges stronger ties with US investors and energy partners.
President Abdel Fattah El-Sisi said Tuesday a legislative and regulatory framework, as well as incentive initiatives should be launched to attract more foreign investment and empower the private sector.
Sisi ordered fostering a more competitive investment climate.
President Abdel Fatah El-Sisi held Tuesday a meeting with Prime Minister Mostafa Madbouli, Governor of the Central Bank of Egypt (CBE) Hassan Abdullah, and Finance Minister Ahmed Kujuk.
The agreements include a $230 million concessional development loan, equivalent to 35 billion Japanese yen, aimed at supporting Egypt’s budget and advancing critical structural reforms. Additionally, grants worth $4.3 million will be used to renovate the Cairo Opera House and expand agricultural mechanization, boosting public services and enhancing the livelihoods of small-scale farmers.
Kouchouk outlined key reforms, including the reinstatement of sample audits for all taxpayers and the pilot launch of the Centralized Electronic Clearing System
He emphasized plans to expand public-private partnership projects in the near future.
He pointed out that the Egyptian market offers significant opportunities, particularly considering the substantial investments made in infrastructure over recent years. These investments have created a more favourable business environment. El-Khatib emphasized the ministry’s efforts to improve Egypt’s global competitiveness and its aim to position the country among the top 50 nations in international trade indices soon.
This investment is part of Egypt’s broader development strategy under the “NWFE” program, which is aimed at supporting sustainable growth and accelerating the country’s transition to a green economy
