Egypt Daily News – Dr. Mostafa Madbouly, the Prime Minister, commented on the “Old Rent” Law, saying: “We are dealing with a highly complex issue that has been ongoing for 60 years, and we are not siding with one party against the other.”
In a press conference, Dr. Madbouly explained that the government had discussed a proposed system for obtaining urgent visas electronically, with a process that allows tourists to receive their visa upon arrival at the airport through simple and easy steps. This could be done either through the electronic platform, a mobile app, or via self-service points.
The proposed implementation plan for this system includes starting the trial phase at Cairo International Airport, followed by the first phase at seven other airports, and then expanding in the second phase to cover all 14 airports.
Dr. Madbouly also mentioned that an Egyptian-American forum would be organized at the end of May to attract major American companies.
He addressed the confusion raised about the signing of an agreement between the Suez Canal Economic Zone and Abu Dhabi Ports Group to establish an industrial and logistics zone for the “KIZAD East Port Said” project, saying: “We need to differentiate between the Suez Canal Authority and the General Authority for the Development of the Suez Canal Zones.
The two entities operate independently, each with clear responsibilities, and both contribute effectively to driving the country’s development within the broader national development framework.”
He further clarified that the contract in question is for an industrial developer, and it is not the only one; there are 14 industrial developers operating under this system in the Suez Canal Economic Zone.
Dr. Madbouly also mentioned that he had instructed the relevant ministers to carry out the directives of President Abdel Fattah El-Sisi during the Labor Day celebrations. He added that this week saw a meeting with the President of the European Bank for Reconstruction and Development, noting that Egypt is the top partner with the bank, with a portfolio totaling 13.8 billion euros.
Finally, he reviewed the results of the offering committee’s meeting, highlighting its success in completing 21 deals worth a total of $6 billion so far.
