PM: Egypt Undergoing Comprehensive Development, Attracting Gulf Investments through Major Reforms

Egypt’s Prime Minister Mostafa Madbouly affirmed that Egypt has been undergoing a comprehensive development process for nearly a decade, transforming key sectors of the economy through major infrastructure, urban, and transport projects.

In his remarks at the Egyptian-Gulf Investment and Trade Forum, Madbouly emphasized that the event comes at a time when Egypt is reaping the results of ten years of sustained national development across all fields. “Egypt has invested heavily in modernizing its infrastructure, building new and smart cities, and upgrading its transport and port systems,” he said.

 “These efforts align with the country’s ambitious vision to maximize the benefits of its unique geographical and strategic location.”

The Prime Minister noted that Egypt has built more than 20 new cities, led by the New Administrative Capital and New Alamein City, both designed according to the latest standards of sustainability and technological advancement.

He further explained that Egypt has launched a comprehensive transport development strategy covering several key sectors — including the modernization of road networks, railway systems, river transport, and maritime ports. “We have also introduced a national sustainable maritime transport strategy to enhance trade and logistics efficiency both domestically and internationally,” he added.

Madbouly highlighted that the government has implemented a range of measures to attract foreign investment, particularly from the Gulf region. These include offering investment incentives, carrying out financial and monetary reforms, capping public investment spending, and adopting a flexible exchange rate Policy — steps that have stabilized the foreign exchange market and boosted investor confidence.

“Thanks to these reforms,” Madbouly said, “Egypt’s economy has earned recognition from international financial institutions, leading to an upgrade in the country’s credit rating and a surge in foreign investment inflows.”

The Prime Minister concluded by reaffirming Egypt’s commitment to deepening economic and investment ties with its Gulf partners, viewing the forum as a vital platform for strengthening cooperation and exploring new opportunities for joint growth and prosperity.