Copyright egyptindependent
CAIRO, Nov 7 (MENA) – The cabinet’s media center Friday published a series of infographics across its social media platforms, showcasing the key activities of Prime Minister Mostafa Madbouly during the week from November 1 to 7. These activities included high-level meetings, participation in international events, and the signing of major investment partnerships. Among his engagements, the prime minister met with the governor of Tokyo and her accompanying delegation, affirming the strength of Egyptian-Japanese relations and praising Japan’s support for Egypt in constructing the Grand Egyptian Museum (GEM), which he described as a civilizational landmark and Egypt’s gift to the world. He also lauded cooperation in establishing Japanese schools in Egypt, a successful model the government aims to expand from 100 to 500 schools. Madbouli also met with the president of the Japan International Cooperation Agency (JICA), expressing appreciation for JICA’s development support since opening its Cairo office in 1977, and reviewed cooperation fields including the metro system, GEM, the Egypt-Japan University of Science and Technology, the Cairo Opera House, and the Children’s Hospital of Cairo University, as well as JICA’s role in supporting Egypt’s Vision 2030. The prime minister also held a press conference ahead of the Grand Egyptian Museum’s official opening ceremony, expressing pride in this unique global event. He explained that the project had experienced a halt since 2011 until President Abdel Fattah al-Sisi directed its completion in the best possible form, extending gratitude to the national private sector for its contribution to the opening celebration. Madbouli also co-chaired, with his Lebanese counterpart, the Egyptian-Lebanese Joint Higher Committee, which reviewed bilateral cooperation files. He stated that the president had directed the government to support Lebanon, reaffirming Egypt’s commitment to political and diplomatic efforts for Lebanon’s stability. During a joint press conference, he noted that Egyptian companies stand ready to participate in Lebanon’s development and reconstruction. The two sides witnessed the signing of several memorandums of understanding (MoUs) and cooperation protocols, including those on economic and developmental policy planning, an executive program for industrial cooperation, and a draft MoU for mutual visa exemption for holders of diplomatic passports. Representing President Sisi, the prime minister also attended the First Summit of Leaders of the Global Alliance Against Hunger and Poverty in Doha. In his speech, he said that the famine in Gaza clearly demonstrates how conflicts destroy lives and highlighted that more than 60 million people have benefited from Egypt’s “Takaful and Karama” and “Decent Life” (Haya Karima) initiatives. On the sidelines of the summit, he met with the Qatari prime minister, where both sides agreed to activate Qatar’s investment package in Egypt through the signing of a major investment partnership to develop the “Samla and Alam El-Roum” project in Matrouh. He also met with the Yemeni prime minister, reaffirming Egypt’s support for Yemen’s legitimate government and its efforts to achieve security and stability. Additionally, representing the president, the prime minister delivered Egypt’s statement at the Second World Summit for Social Development in Doha, affirming that Egypt’s development path is centered on human well-being, as embodied in Vision 2030. He highlighted Egypt’s qualitative leap in social infrastructure investment, despite challenges, stressing that the right to development is a fundamental human right. Madbouli also witnessed, alongside the president of Kyrgyzstan, the signing of several agreements to enhance bilateral cooperation, including an MoU to strengthen investment relations, another on religious and cultural cooperation, as well as agreements in economic, scientific, and technical cooperation, and MoUs in the fields of electricity and renewable energy and agriculture. The prime minister’s activities also included the inauguration of the Al-Mansour Vehicle and Industrial Filter Manufacturing Plant in 10th of Ramadan City, with a production capacity of 15 million filters annually and investments exceeding EGP 500 million. He underscored the government’s ongoing efforts to develop Egypt’s automotive industry, encouraging both domestic and global companies to invest in this vital sector. He also inaugurated the expansion of Schneider Electric’s regional factory in Badr City, noting that this step reflects growing global investor confidence in Egypt’s business climate. It was stated that €8 million had been invested in 2023 to expand the facility by 10,000 square meters, boosting production capacity by 30 percent. The local component in the factory’s output rose to 81 percent in 2024, with plans to reach 85 percent. Finally, Madbouly witnessed the signing of a major Egyptian-Qatari investment partnership to develop the “Alam El-Roum” area in Matrouh, a comprehensive urban and development project representing one of the region’s largest investments—estimated at about $29.7 billion and expected to create more than 250,000 jobs. He emphasized that Egypt’s large-scale infrastructure spending across all sectors has been a key driver in attracting diverse investments. (MENA)
