Cairo: Egyptian President Abdelfattah Al-Sisi emphasized the importance of continuing efforts to create suitable conditions for attracting foreign investment and empowering the private sector. This statement was made during a meeting with Egyptian Prime Minister Dr. Mostafa Madbouly and Central Bank Governor Hassan Abdalla.
According to Kuwait News Agency, this meeting was highlighted in a press statement by Egypt’s Presidential Spokesperson, Ambassador Mohammad Al-Shenawy. Ambassador Al-Shenawy detailed that the discussions focused on macroeconomic indicators and strategies for enhancing the banking sector, boosting foreign exchange reserves, and reducing inflation rates.
The meeting also covered the government’s efforts to implement the economic development program effectively, protecting it from current regional and international challenges. Discussions included enhancing incentives to capitalize on economic opportunities and encouraging private sector involvement to stimulate economic growth.
President Al-Sisi stressed the necessity of continuous intensive work to attract more foreign investment through the establishment of a suitable legislative and regulatory framework and the launch of incentive initiatives. He emphasized the importance of maintaining the progress seen in macroeconomic indicators.