Egypt’s Prime Minister Mostafa Madbouly emphasized the nation’s commitment to economic reform and investment opportunities during his opening remarks at the third side event of the Egyptian-European Investment Conference in Cairo.
The conference, held on June 29th and 30th, 2024, occurred against a backdrop of global challenges, including international tensions, regional crises, and the ongoing conflict in the Gaza Strip.
Madbouly acknowledged the impact of these issues on Egypt’s stability, but he also highlighted the potential for economic development and reform.
“Despite the serious challenges these issues pose to all countries, Egypt seeks to deal with these international issues and crises from the perspective of the promising opportunities they represent for comprehensive economic development and reform, enabling Egypt to obtain its fair share of growth and comprehensive development,” Madbouly said.
Madbouly outlined Egypt’s successful implementation of several reform measures, including stabilizing the exchange rate, supporting the private sector, and improving the investment climate. He expressed his willingness to elaborate further on these measures and answer questions during the side event, moderated by Francesco Palmieri, Managing Director of BCG.
The Prime Minister’s remarks highlighted Egypt’s determination to navigate global challenges and leverage opportunities for economic growth and stability. The Egyptian-European Investment Conference serves as a platform for dialogue and collaboration on investment and economic development initiatives.
