Prime Minister Mostafa Madbouly said partnerships between the Egyptian private sector and investors from sisterly countries reflect growing confidence in the Egyptian economy and underscore the market’s ability to attract more high-quality investments that support sustainable development goals.
Madbouly made the remarks during a ceremony to sign an investment partnership agreement between Egyptian and Emirati private-sector entities to develop an integrated urban development project in the city of Mada in New Cairo.
The event was attended by ministers, senior officials and representatives of participating companies.
The prime minister said the venue hosting the signing ceremony at the cabinet headquarters in the New Capital has become a platform for launching major projects that demonstrate investors’ confidence in Egypt’s economy and its promising opportunities.
He reaffirmed the state’s commitment to empowering the private sector as the main engine of economic development, noting that the new Egyptian-UAE partnership represents a successful model of investment cooperation.
Madbouly said the project, located east of Cairo, will be developed with investments exceeding $3.1 billion and will span an area of 553 feddans.
Partnership with UAE private sector reflects growing confidence in Egyptian economy – PM Egypt Independent.
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