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Egypt's Economic Transformation Unveiled: Hikayat Watan conference highlights growth, resilience

This prestigious gathering, graced by the presence of President Abdel Fattah El-Sisi, provided a comprehensive overview of Egypt's economic progress and vision for the future.

By: Mohamed Zain

Sat, Sep. 30, 2023

During her address at the conference, Dr. Hala El-Said shed light on Egypt's strategic approach to introducing companies into its economic landscape - Press Photo

Egypt's journey toward economic transformation took center stage at the Hikayat Watan conference, as Dr. Hala El-Said, Egypt's Minister of Planning, highlighted the nation's unwavering commitment to building a resilient economy.

This prestigious gathering, graced by the presence of President Abdel Fattah El-Sisi, provided a comprehensive overview of Egypt's economic progress and vision for the future.

 

Building Stronger Companies for a Prosperous Nation

During her address at the conference, Dr. El-Said shed light on Egypt's strategic approach to introducing companies into its economic landscape. She emphasized that this mechanism is rooted in implementing a state-owned policy.

This policy, the result of 39 community dialogues, enables the government to make informed decisions about exiting specific sectors while creating opportunities for growth.

 

Suez Canal Expansion: A Catalyst for Economic Growth

One of the highlights of the conference was the recognition of the Suez Canal expansion as a significant driver of Egypt's economic prospects.

The expansion project not only increases the canal's profitability but also enhances its global value by opening new markets and attracting investments.

 

Investment Encouragement and Partnerships

Dr. El-Said encouraged domestic and international investments, particularly in projects like the Suez Canal expansion.

The conference showcased successful partnerships, demonstrating the immense potential for growth and collaboration in Egypt's evolving economic landscape.

 

Restoring Trust Through Economic Stability

Restoring trust in the nation has been a key focus for Egypt's leadership. Dr. El-Said emphasized the importance of economic stability and addressed the challenges posed by misinformation.

Transparency and a commitment to good governance were presented as key strategies to overcome these hurdles.

 

Commitment to the Egyptian People

Egypt's state is dedicated to delivering tangible economic benefits to its citizens.

The government is keen on job creation, fostering prosperity through various economic initiatives, and ensuring financial transparency as part of its commitment to the welfare of its people.

 

Efforts for a Prosperous Future

Dr. El-Said detailed Egypt's vision for a more resilient economy, capable of addressing emerging challenges. She highlighted the measures taken to achieve this vision, including policies like state ownership, legal amendments, and the establishment of the Egypt Sovereign Fund for Investment and Development.

 

A Vision for a Robust and Prosperous Economy

The broader goal outlined at the Hikayat Watan conference is to foster a robust and prosperous Egyptian economy. Egypt envisions a future characterized by strategic investments, development projects, and an environment conducive to growth.

 

In conclusion, the Hikayat Watan conference illuminated Egypt's path toward economic transformation, showcasing its resilience and determination to overcome challenges. From the expansion of the Suez Canal to transparency and prosperity, Egypt is charting a course for a brighter economic future.