What can we expect from the new Madbouly cabinet? Prime Minister Moustafa Madbouly held a presser on Thursday a day after his new cabinet was sworn in and took office. Madbouly’s statement gave us an overview of the new government’s list of priorities and its upcoming plans.

#1- More private sector involvement: The government aims to increase the private sector’s contribution to the overall economy to more than 65% of total investments over the coming two to three years, Madbouly said. The cabinet will also continue carrying out economic reforms with the aim of increasing foreign direct investment and private sector participation, while reducing the government’s share of total investments in the state.

#2- Industrial development is a matter of “life and death” at the moment, Madbouly said, pointing to the importance of investing in Egypt’s industrial development. He also name-dropped a number of priority sectors that are in need of local and foreign investments — tourism, real estate development, industry, agriculture, and communications.

#3- More clarity and transparency: Madbouly will host weekly pressers following the cabinet’s weekly meeting, usually taking place on Wednesdays, to discuss issues concerning the state and the public. The presser will see the government responding to questions and inquiries from citizens. Another presser that will host media figures and experts will be held every month.

AND- The first we hear from Kouchouk as FinMin. Ahmed Kouchouk held his first meeting asFinance Minister on Friday, during which he highlighted the need to develop and implement financial policies aimed at boosting investments, productions, exports, and private sector involvement. “We need to be more open, flexible, and supportive of local and foreign investors to attract more investments and keep the Egyptian economy moving,” he said.

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