Photo courtesy of the Egyptian cabinet
Madbouly also announced that the government is preparing incentives to encourage informal workers to join the formal economy, drawing on international experiences such as India's.
He said the planned incentives would focus on providing health insurance, social insurance, and pension coverage, adding that the government is working on launching a dedicated pension scheme for irregular workers, whose unstable employment often leaves them without adequate social protection.
Madbouly said the state's objective is not to collect additional taxes or fees but to integrate more workers into the formal economy while improving their social protection and the accuracy of Egypt's economic indicators.
On energy, the prime minister said the Dabaa Nuclear Power Plant would add about 4.8 gigawatts to Egypt's electricity network and strengthen the country's long-term energy security.
He said the project is expected to recover its construction costs within about 12 years while providing stable electricity supplies for decades.
Earlier in the day, Madbouly toured New Alamein City and the Marina tourist resort to inspect and inaugurate development and infrastructure projects along Egypt's northwestern coast. The visit followed an earlier tour of agricultural and livestock production projects in the governorates of Menoufia, Giza and Beheira.
Accompanied by Housing Minister Randa El-Menshawy and senior housing officials, Madbouly inspected the South Marina lakes, the Marina 8 housing project, the Coastal Road tunnel, the M24 inlet area and the tourist promenade linking Marina 5 and Marina 7.
In New Alamein, he also toured Boulevard Road, the Mazarine residential compound, the New Urban Communities Authority's technology centre, the beachfront towers district, the Latin District, and the Downtown Towers and Lakes project. He also inaugurated the C19 bridge and inspected the International Conference and Exhibition Centre in the Heritage District.
Madbouly said the government is working to maximise the use of land south of the International Coastal Road through integrated urban projects combining tourism, entertainment and real estate investment.
El-Menshawy said New Alamein covers nearly 49,000 feddans and extends 14 kilometres along the Mediterranean coast.
She said development has been completed on about 45 percent of the city's total area and that it now includes 28 residential towers, 46,189 housing units, and around 2,000 hotel rooms, with additional projects planned to meet rising demand.
She added that New Alamein currently hosts three year-round universities: Alamein International University, Kayan University, and the Arab Academy for Science, Technology, and Maritime Transport, whose teaching hospital serves residents and neighbouring communities.
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