The weekly Cabinet summit, presided over by Prime Minister Mostafa Madbouly, commenced a vital session on Wednesday, April 24, 2024. Assembled at the government headquarters in the New Administrative Capital, the Cabinet members engaged in discussions on a range of current issues spanning politics, economics, and social matters, as well as recent global events.
The meeting’s agenda featured the assessment of an initiative aimed at reducing consumer product prices, stimulating the market, enhancing food availability, and enforcing market regulations. Additionally, deliberations revolved around key laws and ministerial decisions designed to drive progress, foster economic and social stability, boost investments, support investors, and oversee national projects, including presidential ventures for rural development in Egypt.
The Cabinet also scrutinized the latest advancements pertaining to actions aligned with President Abdel Fattah al-Sisi’s directives. This encompassed monitoring the implementation of Supreme Council for Investment decisions, as well as matters concerning investment, industry, exports, agriculture, market surveillance, industrial land provision for investors, social welfare, taxation, and development initiatives across various sectors like health, sports, education, and transportation. Moreover, efforts to assist low-income individuals and cater to citizens’ needs were outlined.
This strategic Cabinet meeting reflects the ongoing endeavors of the Egyptian government to fortify the nation’s economy, enhance citizens’ living standards, and bolster growth and development at all levels. By emphasizing support for investments, ensuring food accessibility, and promoting economic and social stability, the Cabinet is steadfast in its commitment to securing a prosperous future for Egypt and its populace.
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