Madbouly: The economic situation will return to normal by the end of 2024, and exports will exceed $145 billion by 2030.
Dr. Mostafa Madbouly, Prime Minister, confirmed that the volume of Egyptian exports has currently reached 53 billion dollars, while the state’s plan targets the annual growth rate in exports between 15% and 20%, explaining that based on these numbers, Egypt’s exports will exceed 145 billion dollars. By the year 2030… the economic situation will return to normal by the end of this year.
The Prime Minister added – during his statements at the conclusion of his inspection tour today, Saturday, in the Tenth of Ramadan City – that it was recently Signing a number of contracts in the Suez Canal Investment Zone with international companies that invest billions of dollars in Egypt and create thousands of job opportunities.
He explained that the industrial sector is one of the most important sectors, as it is the basis of the period. Dr. Mustafa Madbouly pointed out that he visited a number of factories belonging to the private sector today, such as the Eutin paint factories, which export to all parts of the world, and the Swedish factory for producing electricity transformers, which exports its production to countries in the Middle East.
Dr. Mostafa Madbouly pointed out that The state confirmed its full faith in the industry and started with the golden licence, and accordingly factories were built in less than a year after facilitating obtaining licenses… indicating that the dollar crisis will end and is on the way to improving.
He confirmed that he is following up daily with the Governor of the Central Bank on foreign currency flows, and things have returned to normal, but we need time until the end of this year to ensure that all normal paths are completed.
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