Dr. Mostafa Madbouly, Prime Minister, chaired today the weekly cabinet meeting at the government headquarters in the New Administrative Capital to discuss a number of topics and files.
At the beginning of the meeting, the Prime Minister extended heartfelt congratulations, on his own behalf and on behalf of the members of the government, to the valiant police officers on the occasion of the upcoming 74th anniversary of Police Day. On this historic occasion, Madbouly said: “We always take pride in the efforts made by the police to safeguard the nation’s security and stability, and to provide the proper environment for advancing the economic and social development path that the country is witnessing across various fields.”
Dr. Madbouly also extended his warmest congratulations to His Excellency President Abdel Fattah El-Sisi, President of the Republic, and to the Egyptian people on the occasion of the 15th anniversary of the January 25 Revolution.
The Prime Minister reviewed several presidential activities carried out by His Excellency the President in recent days, beginning with the most prominent event: President El-Sisi’s participation in the World Economic Forum in Davos, Switzerland. He noted that the President’s agenda includes important meetings on the sidelines of the forum.
Dr. Madbouly highlighted the pivotal role of the World Economic Forum as a high-level international platform for dialogue and exchange of views among world leaders, international officials, representatives of the private sector, and major global companies, aimed at enhancing cooperation in facing global challenges and supporting comprehensive development pathways.
At the same time, the Prime Minister referred to the meeting held by the President to review efforts to implement Egypt’s strategy to become a regional energy hub and a regional center for gas trading, as well as efforts to expand onshore and offshore petroleum and gas exploration. Dr. Madbouly said: “There are directives to intensify these efforts to broaden the scope of exploration, benefit from successful experiences, and provide more incentives and facilitations for investors in the petroleum, gas, and mining sectors, contributing to boosting investments and increasing production to meet growing consumption and development needs.”
In this context, the Prime Minister stressed Egypt’s commitment to paying the dues of foreign partners in the petroleum sector according to the set timetable. He pointed out that as of June 30, 2024, the dues of foreign partners amounted to $6.1 billion, while they are expected to reach $1.2 billion by June 30, 2026. This is the normal trajectory, meaning that about $5 billion has already been paid, in addition to the commitment to the monthly bill for partners.
On the domestic front, Dr. Madbouly referred to his attendance yesterday evening at the launch ceremony of the National Initiative to Support Outstanding University Students, “Future Scientists Grant,” held under the gracious patronage of Mrs. Entissar El-Sisi, spouse of His Excellency the President of the Republic, at Cairo University. The event was organized by the Ministry of Higher Education and Scientific Research in partnership with the Central Bank of Egypt.
The Prime Minister explained that the Egyptian state—under the leadership of President Abdel Fattah El-Sisi—places education at the top of its priorities, considering it a fundamental pillar for achieving Egypt’s Vision 2030 and the gateway to comprehensive and sustainable development. This attention has been translated into clear policies, radical reforms, and responsible national partnerships aimed at building a generation capable of innovation, competition, and bearing the responsibility of the future.
Dr. Madbouly also mentioned his inauguration this morning, on behalf of the President, of the 57th Cairo International Book Fair. He praised the continuous development witnessed by successive editions of the fair in recent years, with increasing numbers of participating countries, diverse exhibitors, and expanded exhibition spaces. He affirmed that this progress reinforces the enlightening role of this prominent cultural event on both the Arab and regional agendas, and crowns the Egyptian state’s interest in promoting thought and culture.
