The second day of the economic conference was held today, and continuing to October 25 of the year 2022, and the conference received the attention of many experts and statesmen, led by President Abdel Fattah El -Sisi, and their interest came to draw the upcoming investment map of the Republic of Egypt amid the current global economic crises that it is going through Countries, amid the tensions of the Russian Ukrainian war.
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The state is eager to create an investment blueprint that keeps up with the current circumstances, Prime Minister Mustafa Madbouly noted.
Al-Fajr offers “Madbouly” the following nine key points: 1. In order to bridge the gaps in some industries, Madbouly stressed the state’s involvement in some private projects. Establishing an organizational framework for the relationship between the state and the private sector.
4- We hope to establish during the conference a general framework for creating an industry strategy within ten years.
5. The state faces a challenge from the population growth.
6- Some individuals have spread the myth that Egypt sells its origins, but this is untrue; Egypt does not.
7- The state continues to be the owner of the origin, but the private sector handles all administration and management.
Egypt needs a plan to grow its industries.
and this progress has the support of the government.
9- No party in the state has the authority to levy fees other than by going back to the Council of Ministers.
Madbouly said that the state ownership document is not the sale of the state’s assets, but rather its goal is to set a clear and specific organizational framework for regulating relations in economic activities between the state and the private sector.
He continued, that the government’s goal of the document is to define a clear organizational and institutional framework that regulates the relationship between the private sector and the state, and reassures the investor, whether internally or externally. an expansion of capital
Madbouly made the point that the state is interested in the system of inventorying Egypt’s real estate wealth because it is crucial to maximising that wealth and serves as a guide to President Abdel Fattah El-Sisi regarding the significance of assigning a national number for each existing property in the state.
In the context of the road map to establish the cities of the fourth generation and establish new urban cities that can accommodate more than 10 million people, this session focuses on ways to advance the real estate development industry and the pivotal private sector’s role in marketing the Egyptian property.
The prime minister, “Mustafa Madbouly,” made the following remarks during the economic conference today:
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