{"id":629714,"date":"2024-07-07T00:00:00","date_gmt":"2024-07-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/07\/more-private-sector-involvement-industrial-development-and-transparency-on-the-new-cabinets-agenda\/"},"modified":"2024-07-07T00:00:00","modified_gmt":"2024-07-07T00:00:00","slug":"more-private-sector-involvement-industrial-development-and-transparency-on-the-new-cabinets-agenda","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/07\/more-private-sector-involvement-industrial-development-and-transparency-on-the-new-cabinets-agenda\/","title":{"rendered":"More private sector involvement, industrial development, and transparency on the new cabinet\u2019s agenda"},"content":{"rendered":"

What can we expect from the new Madbouly cabinet? <\/strong>Prime Minister Moustafa Madbouly held a presser<\/a> on Thursday a day after his ne<\/a>w cabinet<\/a> was sworn in and took office. Madbouly\u2019s statement gave us an overview of the new government\u2019s list of priorities and its upcoming plans. <\/p>\n

#1- More private sector involvement: <\/strong>The government aims to increase the private sector\u2019s 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\u2019s share of total investments in the state.<\/span><\/p>\n

#2- Industrial development is a matter of \u201clife and death\u201d at the moment<\/strong>, Madbouly said, pointing to the importance of investing in Egypt\u2019s industrial development. He also name-dropped a number of priority sectors that are in need of local and foreign investments \u2014 tourism, real estate development, industry, agriculture, and communications. <\/p>\n

#3- More clarity and transparency: <\/strong>Madbouly will host weekly pressers following the cabinet\u2019s 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.<\/p>\n

AND- The first we hear from Kouchouk as FinMin. <\/strong>Ahmed Kouchouk held his first meeting as<\/a><\/a>Finance Minister<\/a> on Friday, during which he highlighted the need to develop and implement financial policies aimed at boosting investments, productions, exports, and private sector involvement. \u201cWe need to be more open, flexible, and supportive of local and foreign investors to attract more investments and keep the Egyptian economy moving,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The state wants to build up the Egyptian citizen by prioritizing healthcare, education, and culture<\/p>\n","protected":false},"author":1,"featured_media":629715,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7306],"tags":[282,72,1350,281,127],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-629714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabinet-watch","tag-cabinet-watch","tag-enterpriseam","tag-madbouly-cabinet","tag-moustafa-madbouly","tag-politics","wpautop","entry"],"acf":{"mongo_id":"d9a5776f-5dfd-4e4b-949b-42cb6ee84f5c","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/448.jpg","photo_position":"above","homepage_title":"","full_issue_title":"More private sector involvement, industrial development, and transparency on the new Egyptian cabinet\u2019s agenda","related_issue":[629704],"teaser":"The state wants to build up the Egyptian citizen by prioritizing healthcare, education, and culture","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.91e84e25-5318-4201-b1a3-7cdcfb25f376.mp3"},"yoast_head":"\nMore private sector involvement, industrial development, and transparency on the new cabinet\u2019s agenda - 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He gave ministers one week to submit any projects in their pipelines that they plan\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622291,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/04\/madbouly-gets-a-mandate-to-form-a-new-government\/","url_meta":{"origin":629714,"position":1},"title":"Madbouly gets a mandate to form a new government","author":"enterpriseam admin","date":"4 June 2024","format":false,"excerpt":"This is expected to be the fourth major shuffle led by Madbouly","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/261.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594923,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/madbouly-industry-figures-review-draft-law-to-regulate-real-estate-developers-in-egypt\/","url_meta":{"origin":629714,"position":2},"title":"Madbouly, industry figures review draft law to regulate real estate developers in Egypt","author":"enterpriseam admin","date":"11 September 2019","format":false,"excerpt":"LEGISLATION WATCH- Cabinet, industry figures review draft law to regulate real estate developers: Prime Minister Moustafa Madbouly, Housing Minister Assem El Gazzar, and representatives from the real estate industry met yesterday to review a draft bill that would regulate developers and the industry, according to a Cabinet statement. No details\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595233,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/19\/madbouly-appoints-el-gohary-to-head-isdc-hassan-as-cabinet-sec-gen-assistant\/","url_meta":{"origin":629714,"position":3},"title":"Madbouly appoints El Gohary to head ISDC, Hassan as cabinet sec-gen assistant","author":"enterpriseam admin","date":"19 September 2019","format":false,"excerpt":"MOVES- Prime Minister Moustafa Madbouly has appointed Osama El Gohary as head of cabinet\u2019s Information and Decision and Support Center (ISDC), according to an official statement. Alongside retaining his post as an assistant to the prime minister, Gohary \u2014 an AUC grad who completed postgraduate studies in Scotland and the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623315,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/egypt-could-slash-cabinet-posts-looks-to-cull-civil-service\/","url_meta":{"origin":629714,"position":4},"title":"Egypt could slash cabinet posts, looks to cull civil service","author":"enterpriseam admin","date":"28 October 2018","format":false,"excerpt":"** #2 Madbouly could slash cabinet posts, looks to cull civil service: Prime Minister Moustafa Madbouly is looking to cut the number of posts in his cabinet and is pushing the downsizing of the civil service, the PM said at a gathering of US businessmen organized by our friends at\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601725,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/07\/madbouly-meets-with-reps-from-40-us-companies\/","url_meta":{"origin":629714,"position":5},"title":"Madbouly meets with reps from 40 US companies","author":"enterpriseam admin","date":"7 March 2019","format":false,"excerpt":"Prime Minister Moustafa Madbouly met yesterday with representatives from 40 US-based companies operating in Egypt to discuss expanding their investments and address hurdles they are currently facing, according to a cabinet statement. Some companies, including IBM, vowed to increase investments in Egypt, the statement says. No further details were provided.","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=629714"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629714\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/629704"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/629715"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=629714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=629714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=629714"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=629714"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=629714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}