Latest news with #EgyptVision2030
Egypt Independent
a few seconds ago
- Business
- Egypt Independent
PM reviews preparations for launching ‘National Economic Development Narrative'
Prime Minister Mostafa Madbouly stressed the importance of the 'National Narrative for Economic Development,' describing it as a key document, reference framework, and practical roadmap for the new economic model Egypt seeks to implement. He said the narrative aims to consolidate various policies, strategies, and targets into a unified platform that guides the government's current direction and activities. These include the government action program, strategies for foreign direct investment (FDI), industrial development, foreign trade, and the National Employment Strategy, all in line with Egypt Vision 2030. The initiative is also intended to further Egypt's economic reform agenda through greater engagement with the private sector, international institutions, and global development partners. Madbouly made the remarks during a meeting on Monday, July 28th, 2025, with Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat, held to follow up on the progress of launching the 'National Narrative for Economic Development: Policies Supporting Growth and Employment.' The prime minister praised the efforts made by the Ministry of Planning, Economic Development and International Cooperation, in coordination with all relevant ministries and entities, to finalize the narrative. He underlined that the document will serve as a roadmap for Egypt's economic development priorities in the coming years, and thanked all those involved in its preparation. During the meeting, Madbouly reviewed the key components of the narrative, which is designed to support Egypt's economic reform trajectory and address national objectives amid regional and global challenges. For her part, Mashat affirmed that, under President Abdel Fattah El Sisi's directives and with the continued supervision of the prime minister, the narrative is now in its final stages of preparation. She noted that it has been developed in full coordination with concerned national stakeholders to provide a comprehensive framework and actionable program that takes into account regional and international economic dynamics, while capitalizing on Egypt's considerable economic potential to achieve inclusive and sustainable growth. Mashat explained that the narrative is built around five core pillars: strengthening macroeconomic stability; attracting FDI; promoting industrial development and foreign trade; enhancing labor market efficiency and resilience; and advancing regional planning to support economic growth. She added that the narrative builds on the government's structural reform program launched in March 2024, which has enabled Egypt to overcome key economic challenges and utilize its competitive advantages in multiple sectors. The minister also noted that the narrative includes a set of quantitative targets translating structural reforms into macroeconomic objectives, with estimates extending through 2030 and long-term ambitions for 2050. These targets cover areas such as economic growth, job creation, FDI inflows, industrial localization, and other national priorities, she added. Mashat said that the government continues to closely monitor regional and global developments to assess their impact on Egypt's economic trajectory. She stressed that the narrative has been designed as a flexible, adaptive document capable of being updated as needed to keep public policies aligned with Egypt's development goals.
Middle East
17 hours ago
- Business
- Middle East
OPEN// PM reviews preparations for launching 'National Economic Development Narrative'
NEW ALAMEIN, Egypt, July 28 (MENA) – Prime Minister Moustafa Madbouli stressed the importance of the "National Narrative for Economic Development," describing it as a key document, reference framework, and practical roadmap for the new economic model Egypt seeks to implement. He said the narrative aims to consolidate various policies, strategies, and targets into a unified platform that guides the government's current direction and activities. These include the government action program, strategies for foreign direct investment (FDI), industrial development, foreign trade, and the National Employment Strategy, all in line with Egypt Vision 2030. The initiative is also intended to further Egypt's economic reform agenda through greater engagement with the private sector, international institutions, and global development partners. Madbouli made the remarks during a meeting on Monday with Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat, held to follow up on the progress of launching the "National Narrative for Economic Development: Policies Supporting Growth and Employment." The prime minister praised the efforts made by the Ministry of Planning, Economic Development and International Cooperation, in coordination with all relevant ministries and entities, to finalize the narrative. He underlined that the document will serve as a roadmap for Egypt's economic development priorities in the coming years, and thanked all those involved in its preparation. During the meeting, Madbouli reviewed the key components of the narrative, which is designed to support Egypt's economic reform trajectory and address national objectives amid regional and global challenges. For her part, Mashat affirmed that, under President Abdel Fattah El Sisi's directives and with the continued supervision of the prime minister, the narrative is now in its final stages of preparation. She noted that it has been developed in full coordination with concerned national stakeholders to provide a comprehensive framework and actionable program that takes into account regional and international economic dynamics, while capitalizing on Egypt's considerable economic potential to achieve inclusive and sustainable growth. Mashat explained that the narrative is built around five core pillars: strengthening macroeconomic stability; attracting FDI; promoting industrial development and foreign trade; enhancing labor market efficiency and resilience; and advancing regional planning to support economic growth. She added that the narrative builds on the government's structural reform program launched in March 2024, which has enabled Egypt to overcome key economic challenges and utilize its competitive advantages in multiple sectors. The minister also noted that the narrative includes a set of quantitative targets translating structural reforms into macroeconomic objectives, with estimates extending through 2030 and long-term ambitions for 2050. These targets cover areas such as economic growth, job creation, FDI inflows, industrial localization, and other national priorities, she added. Mashat said that the government continues to closely monitor regional and global developments to assess their impact on Egypt's economic trajectory. She stressed that the narrative has been designed as a flexible, adaptive document capable of being updated as needed to keep public policies aligned with Egypt's development goals. (MENA) R R N/R E E
Daily News Egypt
7 days ago
- Health
- Daily News Egypt
Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector
Chairperson of the Egyptian Drug Authority (EDA), Ali Ghamrawy, met with a delegation from Johnson & Johnson to strengthen collaboration with one of the world's leading pharmaceutical companies. The meeting focused on fostering joint efforts in training, supporting pharmaceutical innovation, and facilitating access to advanced medicines—all in line with Egypt's strategy to enhance its healthcare sector and achieve the goals of Egypt Vision 2030. Key discussion points included cooperation in training programmes aimed at building the capacity of healthcare professionals, particularly in the field of health economics and its critical role in informed decision-making. The talks also covered mechanisms to ensure the timely and consistent availability of Johnson & Johnson's pharmaceutical innovations, aligned with national efforts to modernise healthcare and introduce cutting-edge medicines that advance public health in Egypt. During the meeting, Ghamrawy emphasised that the EDA attaches great importance to partnerships with leading international companies to help transfer expertise and technology. He added that this approach facilitates the registration and availability of modern medicines, supporting the state's plans to enhance the healthcare sector and achieve pharmaceutical self-sufficiency. Ghamrawy also underlined the Authority's commitment to operating according to the latest international standards to meet patient needs and bolster the competitiveness of Egypt's pharmaceutical market. He pointed out that Egypt offers significant potential to attract foreign direct investment, thanks to recent regulatory and institutional reforms that have positioned the country as one of the region's most promising pharmaceutical markets. For its part, the Johnson & Johnson delegation confirmed that this collaboration will help bring innovative pharmaceutical products to the Egyptian market, further strengthening Egypt's role as a regional hub for pharmaceutical manufacturing and exports. They also reaffirmed the company's commitment to making the latest medicines from Janssen—its pharmaceutical arm—available to Egyptian patients. The delegation expressed pride in its partnership with the EDA, which they described as a supportive environment for bringing the latest global pharmaceutical innovations to Egypt. The Johnson & Johnson delegation included Ahmed El-Houfi, CEO and Chairperson for Egypt, Jordan, Libya, Sudan, and Ethiopia; Hatem Dawood, Director of Market Access and Government Affairs; Sara Sedky, Scientific Office Manager; and Hossam El-Badry, Head of Import and Distribution.
Daily News Egypt
13-07-2025
- Business
- Daily News Egypt
Egypt and Italy mark 50 years of science partnership, discuss future cooperation
Egypt and Italy have marked 50 years of a scientific and technological partnership at a workshop in Cairo, where officials and researchers from both countries discussed future collaboration in strategic sectors including energy and water management. The event, organised by the Italian Embassy in Cairo and Egypt's Science, Technology and Innovation Funding Authority (STDF), reviewed the achievements of the long-standing cooperation agreement and outlined future plans. In a statement from the Ministry of Higher Education and Scientific Research, Minister Ayman Ashour said the cooperation between Egypt and Italy was a distinguished model of an effective bilateral partnership. He said it reflected Egypt's commitment to international cooperation and innovation to support its sustainable development plans and 'Egypt Vision 2030.' The event opened with remarks from Giuseppe Papalia, head of Economic, Scientific and Cultural Affairs for Italy in Egypt, and Walaa Sheta, the CEO of the STDF. Sheta said the Egyptian-Italian executive programme had been one of the most successful models of bilateral cooperation, supporting joint research projects in strategic areas such as renewable energy, water management, smart cities, and cultural heritage protection. He added that the STDF would continue to support this cooperation to include more priority specialisations. The workshop included video messages from international figures including Nasser Kamel, Secretary-General of the Union for the Mediterranean, and Angelo Riccaboni, chairman of the PRIMA Foundation. A session on the STDF's strategic pillars outlined the main areas of cooperation with Italy within the 2024–2026 executive programme. Egyptian researchers presented the results and applications of ongoing joint research projects in the fields of water management, agriculture, food technology, materials science and engineering, renewable and sustainable energy, and modern technologies applied to cultural and natural heritage. A second session focused on opportunities for cooperation in international education, technology transfer, and the integration of scientific research with industry. Participants included Italian universities such as Trieste, Marche Polytechnic, Pegaso, and Calabria, alongside industrial firms including Leonardo Space, Eni, and El-Sewedy University of Technology. The workshop concluded with a panel discussion on the future of cooperation in light of the bilateral agreement, Italy's 'Mattei Plan,' and the research policies of the European Union. The event also featured an exhibition titled 'Heritage and New Technologies,' which highlighted the role of archaeological missions in supporting Egyptian-Italian scientific cooperation.
Egypt Independent
10-07-2025
- Business
- Egypt Independent
Cabinet Holds Weekly Meeting on Political, Economic, Social Files
Prime Minister Mostafa Madbouly chaired the weekly cabinet meeting on Wednesday July 9,2025 at the New Administrative Capital to review a range of political, economic and social files on the government's agenda, as well as to discuss the optimal implementation of presidential directives within appropriate timelines. During the meeting, the cabinet was set to discuss topics, including Madbouly's recent participation on behalf of President Abdel Fattah al-Sisi in the 17th BRICS Summit hosted by Rio de Janeiro, Brazil. The cabinet also followed up on the aftermath of the Ramses Central building fire, with the premier inspecting the site earlier today. The meeting addressed presidential instructions to ensure citizens' needs are met, intensify efforts to curb inflation, and continue increasing spending on healthcare, education, and social protection. It also tackled measures to regulate markets, ensure the availability of food commodities, advance national projects across the governorates, expand social safety measures, and support the most vulnerable groups. Additionally, the cabinet reviewed the progress realized so far in the education and healthcare domains, comprehensive development plans, investment growth, export expansion, and localizing industries under the Egypt Vision 2030. The meeting also monitored previous measures related to boosting investment, industry, and exports, expanding agricultural land, providing industrial land plots to investors as well as strengthening social safety nets, tax reforms, and other initiatives aimed at supporting low-income citizens and securing overall public needs.
