In a recent telephonic conversation with journalist Ahmed Moussa on his show, "On My Responsibility," broadcasted on Sada El-Balad Channel, Deputy Speaker of the Parliament Mohamed Abou El-Elenin stated that it's high time for Egypt to move away from the International Monetary Fund (IMF) and start relying on its own capacities. He expressed his discontent with the IMF, stating that the country does not wish to endure any more hardships and emphasized that Egypt has the potential to be self-reliant.
Abou El-Elenin, a deputy in the House of Representatives, expressed his wishes for Egypt to make the most of its capabilities, and hopefully soon, bid farewell to the IMF. He highlighted Egypt's vast potential and its capacity to accomplish a great deal independently.
The MP expressed his gratitude towards the Prime Minister, Dr. Mostafa Madbouly, for his grand visions and ambitions for the country. He also offered prayers for his health and success.
Abou El-Elenin expressed his deep-seated desire for the IMF chapter to be closed and for Egypt to prove its strength and capabilities to the world. The MP is confident about the future of the Egyptian industry and investment, thanks to his trust in the political leadership.
Discussing the Suez Canal project, the MP stressed that implementing it today would cost four times more than what it required back then. He stated that the new administrative capital is a historic city that signifies a great leap for Egypt, not just today but in the future as well.
Abou El-Elenin also mentioned that foreigners are fascinated by the developments taking place in Egypt. Recalling a meeting with an African head of state who expressed interest in replicating Egypt's administrative capital experience in his own country, the MP pointed out the significant addition of residential compounds to Egypt and its national income.
The MP highlighted that the Egyptian government has prepared a favorable investment climate for the private sector. He emphasized how President El-Sisi's initiatives have led to a significant improvement and reduced investment barriers. He pointed to Italian company Eni, which made unprecedented profits from investing in the Egyptian market.
Abou El-Elenin added that Egypt needs new foreign investments and to take advantage of the golden license. He suggested careful planning and strategy for initiatives in education, health, and industry.
Expressing optimism for the future, Abou El-Elenin said, "May God protect the Egyptian police, the armed forces, and President El-Sisi, granting him health and providing him with good counsel." The MP also revealed details about his meeting with the Ceramica Cleopatra team in preparation for a crucial upcoming championship on Saturday. He confirmed that new deals to support the team will be announced soon.
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