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Wednesday, 11 December 2019

8,278 national projects executed in Egypt since 2014 at a cost of EGP 1.56 trillion: Prime minister

Ahram Online , Saturday 15 Dec 2018
PM Madbouly
File Photo: Egypt's PM Mostafa Madbouly (Photo: Al-Ahram)
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Around 8,278 national projects were executed in 2014, with an overall cost of EGP 1.56 trillion, Egypt’s Prime Minister Mostafa Madbouli said on Saturday during the inauguration of a wastewater treatment plant in Qalioubiya and several other projects in Cairo.

In a speech in the attendance of Egyptian President Abdel-Fattah El-Sisi, Madbouli presented the country’s accomplishments between July 2014 and December 2018, discussing projects in the fields of power, petroleum, transportation, education, youth and sport, supply, housing and social housing, water and wastewater treatment, as well as the development of the Maspero Triangle and the development of informal settlements.

He also presented the country’s improved economic indicators, saying that unemployment rates and inflation have decreased.

Madbouli said that international organisations have more than once praised the country’s economic reform programme, underway since 2014, which has seen the country cut subsidies, float the Egyptian pound and implement other measures to ease a growing deficit.

 

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