Prime Minister: Health and education have the largest share of investments in the coming period

Dr. Mustafa Madbouly, Prime Minister, held the weekly press conference, this evening at the government headquarters in the new administrative capital, in the presence of Dr. Rania Al -Mashat, Minister of Planning, Economic Development and International Cooperation, Ahmed Kajuk, Minister of Finance, and Engineer Hassan Al -Khatib, Minister of Investment and Foreign Trade. The glorious, saying: I would like to start the conference by congratulating our Egyptian people and our armed forces on the occasion of the near conquest of the greatest victory in the modern history of Egypt, which is the glorious October victory, and always appreciation and respect for our valiant armed forces and its role that it plays since the past and today, and in the future, God willing, in preserving stability and security, and ensuring that Egypt is always strong and spare, and has its main and pivotal position in the region of the Middle East, Once again, congratulate the Egyptian people on the occasion of the glorious October anniversary.

& nbsp; President Abdel Fattah Al -Sisi, President of the Republic, whom he held at the Military Academy last Friday, and the president’s messages in it were very clear and important as it was established and emphasized the principles of Egypt on the issue of Gaza and what is happening in it, and he dealt with his sovereignty with the utmost transparency and clarity Egypt’s fixed position from the first moment in which this sinful war occurred in the Gaza Strip, and that Egypt did not hesitate to provide all support to our brothers in the Gaza Strip in all ways, both at the level of humanitarian aid Political and diplomacy to stop this unjust war of our people in Gaza, and Egypt will continue with the end of power in this matter. We rush or have to take any steps that would harm the national interest and national security in Egypt.

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as Dr. Mustafa Madbouly pointed out to the US President’s announcement of the proposal of the war to stop the war and replace peace in Gaza, indicating that despite all the discussions raised about this file, there are always constants that the Egyptian state is always affirmed, and it is not a displacement in the Gaza Strip, and there is no inclusion in the Gaza Strip For the Gaza Strip or the West Bank from the Israeli side, the ceasefire, and the release of the family and the hostages from both sides, in addition to working on the reconstruction of Gaza, stressing once again that there are constants that exist but the problem will be in the details of this plan, pointing to some of the comments that came in the speech of the Egyptian Foreign Minister in this matter, saying: We as Egypt as a major part of the preparation process and try to achieve an agreement to stop the war, and we will also have a role in the war Trying to reach the best possible details to achieve the principles that we are talking about, not to include any areas from the Gaza Strip or the West Bank, the full ceasefire, and withdraw from Gaza, and the displacement process does not occur, and all of these are steps, in addition to the reconstruction of the presence of the Palestinians inside the sector, which are things that we called for from the first moment, and these are the constants of the Egyptian position. On the local affairs, explaining that during the meeting of the Council today, the economic situation was reviewed in very severe details, indicating the offer of the Minister of Planning, Economic Development and International Cooperation of GDP rates and growth for the last fiscal year 2024/2025, which included the results of the full average year as the numbers that were estimated in planning are 4.2%, but the numbers that took place are 4.4%, stressing that The most important is the results of the last quarter in which the growth rate reached 5%. The sectors, stressing that all these percentages would have been much higher if the Suez Canal revenues were in their normal rates, adding that this gives an indication that Egypt is moving in the right direction in economic reform operations, and the return of that reform began to appear very clearly, reflecting the positive return on all aspects of the economy and the stability of prices, whether goods or services and all other procedures, with continued work more on this period during the period during the period Next. Madbouly, that Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation has clear numbers regarding total public investments, as we had a ceiling for public investments during the past fiscal year 2024-2025, which is a trillion pounds, adding that the minister will offer what was achieved on the ground with regard to the ceiling of public investments. The energy sector, the position of dealing with foreign partners in the oil and natural gas sectors, and what is raised about the position of work in the field of Zahr by & quot; Eni & quot; Say: I met this week with Vice President & quot; Eni & quot; The Italian, who announced that the company intends to pump investments in the Egyptian market worth $ 8 billion within the next 5 years, as these investments will be directed to develop a large number of existing fields as well as work to achieve new exploration. Indeed in recovery, especially with the regularity of the plan to pay the dues of foreign partners. We planned in this regard. In Egypt. In this context, Dr. Mustafa Madbouly continued: As you followed, I was keen during the visit, which I made this week for Menoufia Governorate, to visit the textile factory in Shebin El -Koum because this factory is part of the development plan, so I was interested in seeing the development efforts on the ground. The largest part of the Mahalla Al -Kubra factories includes, while the second stage includes the rest of the Mahalla factories alongside the Shebin El -Koum factory, which was keen to visit it once the Minister of Public Business Sector presented, on the day before the visit, the factory’s position, where he stated that the experimental operation of the factory, and immediately directed the inclusion of the factory in the visit program, so that this is an opportunity to ensure that the work is proceeding with full swing, indicating that it is supposed That the third stage of the development process be in the middle of next year, and this confirms the work to maximize the assets of the state in this important sector. National companies, noting that the global company will start manufacturing electric cars in Egypt and expanding in this field, stressing that the presence of such a global company on the land of Egypt and expressing its desire to produce its cars in alliance with an Egyptian company that confirms the government’s keenness to attract international companies, and provide their production within the Egyptian market. Urbanism and the export of real estate, pointing to the rumors of the private sector, and the possibility of a real estate bubble, stressing that through its discussions with real estate developers, it is confirmed that Egypt will not witness such crises, the sector is stable and witnesses natural growth, and will continue to grow in a way that achieves balance in the Egyptian market, and there is a great demand from abroad from several countries in the world to own real estate units in Egypt. The Council of Ministers that the coming period will witness more field tours in various governorates, and we as a government focus on sectors of human development for the Egyptian citizen; The health and education acquires the largest share of public investments during the coming period, in addition to the presidential initiative projects & quot; A decent life & quot; To develop the Egyptian countryside, noting that the government started implementing the second phase of the initiative, and we will expand the investments of this huge initiative; To improve the quality of the life of our people in the targeted villages of the Egyptian countryside. Extraction is like natural gas and so on, noting that today, the productive sectors have achieved 5%, and therefore the growth rate was passed in the period that was referred to as the best period of time regarding growth in Egypt, pointing out that after recovering extractive production with the resources of the Suez Canal, this would achieve better numbers and proportions. Competitiveness for the presence of some of the competing companies affiliated with the sovereign authorities did not pay taxes, confirming when canceling the exemptions and privileges that these companies were obtaining, the state got 67.5 billion pounds to confirm that the actual application was done. Profits that enabled them to pay taxes only at 8 billion pounds, pointing out that the state’s trade policy is how to reduce the existing commercial gap and trade deficit, to achieve the target to reach $ 145 billion in commodity and service exports.

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