Madbouly: Egypt Committed to Reform Program Despite Challenges

Prime Minister Mostafa Madbouly stated during his speech at the Egyptian-European Investment Conference that Egypt has remained committed to implementing its reform program despite facing numerous challenges.

The conference aims to enhance economic cooperation between Egypt and the EU member states by attracting diverse European investments to Egypt, particularly in priority sectors such as sustainable infrastructure, renewable energy, food security, health and education, sustainable transport, and water and sanitation networks.

This year's conference comes at a significant time for Egypt, just weeks after reaching an agreement with the International Monetary Fund on implementing a supplementary reform program to the previous one, and following Egypt's largest deal in its history, the "Ras El-Hekma Deal," expected to attract investments exceeding $150 billion over the project's lifespan.

The conference also serves as a platform for sharing the successful European investment experience with Egypt. By leveraging Europe's diverse economy, Egypt can diversify its investments, reduce dependency on a single sector, and enhance economic resilience.