In his remarks, Abdelatty outlined Egypt’s vision for enhancing the resilience of global labour markets, describing them as a key pillar for achieving sustainable development as well as economic and social stability.
He stressed that labour markets and employment remain a central priority in Egypt’s economic strategy, particularly in light of the country’s large youth population.
The foreign minister reviewed Egypt’s ongoing economic and structural reform program, noting that it has contributed to strengthening financial and monetary stability, improving the investment climate, and supporting economic empowerment and social protection efforts despite regional and global challenges.
He emphasized that the private sector represents the main driver of economic growth in Egypt, pointing to a wide set of government reforms aimed at improving the business environment, simplifying procedures, and expanding investment incentives in line with the State Ownership Policy Document, which seeks to increase private sector participation in the economy.
Abdelatty said recent reforms have boosted investor confidence in the Egyptian economy and its resilience to external shocks, reflected in rising private sector investments and growing interest in opportunities in the Egyptian market.
He added that private sector investment increased during the first quarter of the current fiscal year, indicating a continued shift toward expanding its role in job creation and higher-skilled employment.
He also addressed the impact of escalating military tensions in the region on global labour markets, warning that disruptions alongside rising prices of energy, fertilizers, and food are placing additional pressure on economies worldwide.
He called for stronger international cooperation to safeguard global economic stability and enhance the ability of labour markets to adapt to rapidly evolving global conditions.
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