Egypt’s Prime Minister Announces Economic Growth Target of 5.3%

Dr. Mostafa Madbouly, Egypt’s Prime Minister, announced today that the country aims to maintain an economic growth rate of 5.3%.

During a press conference following a government meeting, Madbouly stated that decisions regarding economic authorities will begin to be issued within this month.

He also revealed plans to list several state-owned companies on the stock exchange before the end of September.

Additionally, Madbouly noted that Egypt will become one of the countries producing raw materials for pharmaceuticals.

He emphasized the government’s commitment to ensuring reliable electricity supply throughout the summer.