Egyptian Cabinet: 8.3 billion dollars in investments in the Suez Canal Economic Zone by March 2025

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Egyptian Cabinet

Egypt Daily News – The Media Center of the Cabinet published a series of infographics on its social media platforms, highlighting the key activities of Prime Minister Dr. Mostafa Madbouly during the current week, from April 26 to May 2, 2025. These activities included meetings, field visits, and follow-ups on national projects.

The infographics featured Dr. Madbouly’s field tour of the “Future of Egypt for Sustainable Development” projects in the New Delta, where he emphasized the cooperation of various ministries with the project authority across multiple sectors.

He also held a meeting to review the challenges facing the Workers’ University and proposed development paths, stressing the importance of coordination between the Ministries of Higher Education and Labor, along with the private sector, to restructure the university and make it a meaningful addition to the higher education system.

In another meeting, the Prime Minister met with the Chairman of the General Authority for the Suez Canal Economic Zone to follow up on the latest developments and efforts to attract investments. The total value of actual investment project contracts reached 8.301 billion dollars for 272 projects from the 2022/2023 fiscal year up to March 2025.

His activities also included a meeting with the German Ambassador in Cairo to discuss issues of mutual interest. The Prime Minister expressed Egypt’s hope for Germany’s support in fast-tracking the approval and disbursement of the second tranche of the European financial package, worth 4 billion euros.

He also met with the Minister of Electricity to review several key issues. He referred to presidential directives to find decisive solutions to electricity load reduction and to halt these reductions during the summer to ease the burden on citizens.

According to the infographics, the Prime Minister witnessed the signing ceremony for the establishment of two companies to produce fiber polyester and industrial felt through the recycling of plastic and textile waste, with investments totaling 1.7 billion EGP. Additionally, he attended the signing of a strategic alliance agreement between “Gypto Pharma” and the American company “Dawa Pharmaceuticals” to enhance the pharmaceutical industry in Egypt.

He also met with the Saudi Secretary-General of the Joint High Coordinating Council between Egypt and Saudi Arabia, where he highlighted the implementation of the agreement to promote and protect mutual investments between the two countries.

Another meeting was held to coordinate efforts and preparations for Egypt’s bid to host the IMF and World Bank Group meetings in 2029.

The Prime Minister also attended the signing of a shareholder agreement to establish a factory for the local production of blood bags in the Suez Canal Economic Zone. The aim is to meet 100% of Egypt’s market demand and boost exports to the Middle East and North Africa.

The infographics included a meeting on monitoring the strategic stockpile of essential commodities, in which he noted that the availability of large quantities across markets contributes to price stability, which is currently being achieved. He also chaired a meeting of the High Committee for Market and Commodity Price Control to review monitoring systems.

Lastly, he followed up on the gas pipeline rupture incident in the 6th of October City, directing the formation of a technical committee to investigate the cause and ensure immediate care for the injured by transferring them to the nearest hospitals.

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