Latest news with #US-EgyptPolicyLeadersForum2025
Daily News Egypt
26-05-2025
- Health
- Daily News Egypt
Egypt's health budget jumps to EGP 406bn, up from EGP 34bn in 2013: Minister
Egypt's healthcare spending has seen a dramatic increase, rising from EGP 34bn in 2013 to EGP 406bn in 2025, according to Khaled Abdel Ghaffar, Deputy Prime Minister and Minister of Health and Population. Speaking at the US-Egypt Policy Leaders Forum 2025 on Sunday, Abdel Ghaffar emphasized that the rise reflects a national focus on strengthening the economy and attracting investment—particularly in the health sector, which he described as rich with opportunity. The minister revealed that the Ministry of Health and Population has requested additional funds from the Ministry of Finance to support further development, citing the ongoing demand for quality healthcare services. Over the past four years, Egypt has provided healthcare services to an estimated 10 million foreign residents, highlighting the growing pressure on the system. Currently, Egypt's healthcare infrastructure includes approximately 2,000 hospitals, 5,426 primary healthcare units, 142,400 hospital beds, and 16,300 intensive care beds. Abdel Ghaffar also noted that between 2014 and 2024, the ministry has completed 1,245 healthcare infrastructure projects. Looking ahead, 20 new projects are scheduled for completion by the end of 2025. These will add 2,649 hospital beds and include the construction of specialized medical cities across 11 governorates. Additionally, the implementation of the Universal Health Insurance System is underway in six governorates, covering a combined population of around 6 million people.
Middle East
25-05-2025
- Business
- Middle East
OPEN// PM: Over 1,800 US firms operating in Egypt
CAIRO, May 25 (MENA) - Prime Minister Moustafa Madbouli on Sunday said that more than 1,800 US companies are operating in Egypt, with total US investments exceeding 47 billion dollars over the past two decades. These companies are operating in different sectors, including energy, industry, information technology, financial services, and healthcare, a matter that reflects the strength and vitality of economic relations between Egypt and the US, Madbouli added while delivering a speech at the inaugural session of US-Egypt Policy Leaders Forum 2025. The event is attended by Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel el Wazir, Minister of Planning, Economic Development and International Cooperation Rania al Mashat and Minister of Finance Ahmed Kouchouk. Attending the forum are also Minister of Investment and Foreign Trade Hassan el Khatib and Minister of Petroleum and Mineral Resources Karim Badawi. The forum is also attended by US Ambassador to Egypt Herro Mustafa Garg as well as members of the American Chamber of Commerce and the Egypt-US Business Council (EUSBC). Madbouli urged participants to explore the vast investment opportunities available across Egypt's productive sectors, emphasizing that Egypt is not only a market of over 107 million people but also a gateway to Africa, the Middle East, and beyond. Thanks to its extensive network of trade agreements, Egypt offers investors access to more than 1.5 billion consumers, Madbouli added. President and CEO of the US Chamber of Commerce, and John Christmann, CEO of Apache and Chairman of the US-Egypt Business Council, commending their efforts in leading this distinguished group of American business leaders. He also warmly welcomed all representatives of the American business community, noting that many of their companies continue to operate successfully in the Egyptian market. President and CEO of the US Chamber of Commerce Suzanne Clark and Chief Executive Officer of Apache Corporation and Chairman of US-Egypt Business Council John J. Christmann IV. Madbouli highlighted the forum's role in reflecting the strategic importance of US-Egypt economic cooperation, a relationship grounded in mutual respect, a shared desire for prosperity and a long-standing record of constructive partnerships. Egypt has worked tirelessly over the decades to strengthen this cooperation, both bilaterally and in response to regional developments, to achieve common strategic goals, the premier added. He added that Egypt has consistently proven to be a reliable and active partner for the United States, based on a shared understanding that addressing the deeply rooted challenges of the Middle East requires deepened cooperation between the two nations. Madbouli added that the forum demonstrates Egypt's firm commitment to empowering the private sector as a central pillar of its efforts to achieve comprehensive and sustainable economic development. The private sector empowerment is the cornerstone of Egypt's economic transformation strategy, underpinned by a strong commitment to creating a competitive, open, and enabling environment that allows private enterprises to drive innovation, generate employment and deliver long-term sustainable growth, the prime minister added. (MENA) A A E/M O H
