Madbouly announced that the first tranche of the European Union’s support for Egypt, worth one billion euros, was deposited into the Central Bank recently. He also highlighted that Egypt had successfully paid US$39 billion dollars in 2024, with a lower amount expected in 2025.
Egyptian Prime Minister Mostafa Madbouly addressed several key issues impacting Egypt’s economic and technological future at a recent meeting with media persons.
Madbouly announced that the first tranche of the European Union’s support for Egypt, worth one billion euros, was deposited into the Central Bank recently. He also highlighted that Egypt had successfully paid US$39 billion dollars in 2024, with a lower amount expected in 2025.
The Prime Minister emphasized that the government’s strategy is focused on maximizing state assets through partnerships, rather than selling them outright. He called on the private sector to play an active role in Egypt’s industrial revival and stressed the importance of fostering growth through collaboration.
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Madbouly highlighted the presence of five international mobile phone manufacturing companies operating in Egypt, underscoring the need to support these businesses and strengthen Egypt’s position in the global technology market.
