Mostafa Madbouly

PM examines standards for establishing new free zones

Sun, 07 Apr 2024 - 10:54 GMT

The objective was to discuss these criteria with the respective ministers before their submission to the cabinet.

PM reaffirms govt. commitment to boosting private sector

Wed, 03 Apr 2024 - 01:13 GMT

The Prime Minister commended major international companies that have established factories of the highest standards within a remarkably short period.

PM follows up on streamlining customs release of goods at Egyptian ports

Mon, 01 Apr 2024 - 01:06 GMT

During the meeting, the Prime Minister emphasized the urgent need to expedite customs procedures to release goods and merchandise at various Egyptian ports. This measure aims to boost the supply of essential commodities, manufacturing inputs, and medicines in the Egyptian market.

PM visits Fresh Electric Factory & announces $8M investments in automatic washing machines production

Sat, 30 Mar 2024 - 02:27 GMT

Upon arriving at the factory, the Prime Minister emphasized that any new investments or expansions from the private sector are a strong addition to the Egyptian economy, as these investments provide significant employment opportunities and offer high-quality products that meet the needs of the local market, a stance strongly supported by the government to encourage more investment in the upcoming period.

PM visits El Sewedy Electrical Transformers Factory emphasizing role in energy sector, support for local industries

Sat, 30 Mar 2024 - 02:06 GMT

Expressing his delight at the Prime Minister's visit, Sadiq Al-Suwaidi, Chairman of the Board of Directors of Elsewedy Electric Company, highlighted the significance of the visit in line with the government's initiatives to boost the private sector and promote domestic manufacturing

Madbouly visits Beko’s $100M factory in 10th of Ramadan City tour

Sat, 30 Mar 2024 - 01:30 GMT

During the tour, Prime Minister Madbouly reiterated the government's commitment to providing various forms of support and facilitation required for the full completion and operational commencement of the Beko factory, aiming to contribute to providing home appliances for both the local market and export.

PM visits Jotun's new $100M factory as part of his 10th of Ramadan City tour

Sat, 30 Mar 2024 - 01:15 GMT

The factory spans an area of 94,000 square meters. Investing over $100 million in its establishment and equipment, the company demonstrates its commitment to long-term investment in Egypt's local market and its overall expansion strategy in Egypt

Egypt to receive 1st batch of IMF's loan next week: PM

Sat, 30 Mar 2024 - 12:42 GMT

Madbouly added, during a press conference, that the Egyptian state is working on increasing dollar resources and rationalizing spending.

Egypt seeks to localize various industries in partnership with private sector: PM

Sat, 30 Mar 2024 - 12:28 GMT

The Haier complex has $135 million in foreign direct investments, spans an area of 200,000 square meters and encompasses six factories across two stages

Egypt inks agreement to establish LE 1.6B silo factory in East Port Said

Wed, 27 Mar 2024 - 05:28 GMT

The factory will be responsible for designing, manufacturing, and installing grain storage silos, as well as their components and accessories.

Red sea attacks decrease Suez Canal's revenues by 50%

Mon, 25 Mar 2024 - 04:05 GMT

The purpose of this meeting is to review the recent economic developments and enhance Egypt's partnership with the United States.

Egypt’s PM Madbouly meets delegation of US Congress members

Mon, 25 Mar 2024 - 02:47 GMT

Egypt’s Prime Minister Mostafa Madbouly said Monday Egypt is keen on strategic partnership with the United States, noting many aspects of cooperation between the two countries on the basis of mutual respect and common interest.

SCZone contracts hits 127 with investments of $2.8B

Mon, 25 Mar 2024 - 09:28 GMT

Among these, 13 projects received final approval, while 24 projects received initial approval.

Egypt takes measures for strategic reserve of essential goods to regulate markets: PM

Sun, 24 Mar 2024 - 03:55 GMT

He added that there is a directive for several state entities to take responsibility for providing a strategic stock of essential goods.

Emigration Minister present developments of setting up investment Company for Egyptain abroad

Thu, 21 Mar 2024 - 11:41 GMT

Its primary objective is to stimulate investments in various sectors, including agriculture, commerce, import-export, and tourism.

PM, CBE Governor follow up on updates of recent economic decisions

Mon, 18 Mar 2024 - 01:29 GMT

These decisions included the exemption of customs duties on goods and the floating of the Egyptian pound.

Egypt aims $145B raise in petroleum, non-petroleum exports within 6 years

Sun, 17 Mar 2024 - 12:50 GMT

Samir added that Egypt plans to increase industrial production by 20 percent, enhance the green economy's contribution to the gross domestic product to a minimum of 5 percent, and provide number of job openings, targeting 7 to 8 million opportunities.

El-Sisi's latest directive focuses on enhancing investments in Egypt's human resources

Wed, 13 Mar 2024 - 12:41 GMT

El-Sisi pointed to the importance of ensuring that investments are channeled in a manner that maximizes benefits for the citizens

Midor refinery's expansion project enhances Egypt's economy by $2.7B

Thu, 07 Mar 2024 - 05:43 GMT

El Molla further disclosed that the project aims to boost the production of petroleum products by augmenting the current refining capacity from 100,000 to 160,000 barrels per day.

PM tours Tahya Misr multi-purpose terminal in Alexandria Port

Thu, 07 Mar 2024 - 03:36 GMT

Minister of Transportation Kamel Al Wazir highlighted the ongoing project in Alexandria Port, which involves the establishment of a versatile terminal on Berth 100 in Dekheila Port. The objective is to enhance container and cargo handling capacity.