PM: Egypt's Unemployment Rate Drops to 6.4%
H-Tayea
Egyptian Prime Minister Mostafa Madbouly announced a significant drop in the country's unemployment rate to 6.4%, marking a notable improvement in the labor market. He also revealed a major healthcare investment, confirming that Italy's largest hospital group, San Donato, will establish a state-of-the-art hospital in Egypt with an investment of $100 million. The project aims to deliver world-class medical services and strengthen Egypt's healthcare sector.
Madbouly also discussed key economic and trade developments. He met with the advisory committee on real estate exports, reaching agreements on several investment-related files. Additionally, discussions with the economic advisory committee led to consensus on new economic strategies and initiatives.
On the economic front, Madbouly reaffirmed his commitment to stabilizing markets and ensuring the availability of essential goods. He highlighted ongoing efforts to monitor food supply chains daily and confirmed that Egypt has launched 120 "Ahlan Ramadan" fairs and 220 single-day markets across the country to ensure affordable access to essential goods during the holy month. He also confirmed the opening of a major "Ahlan Ramadan" market in Giza soon.
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