Minister Morsy outlined the Ministry’s work on preparing a National Social Protection Framework, designed to provide an integrated national approach that reflects Egypt’s efforts and supports the achievement of the Sustainable Development Goals.
The company also identified the potential for a further 12 billion cubic feet of future gas resources within its Nile Delta concession area.
The meeting was attended by Electricity and Renewable Energy Minister Mahmoud Esmat, Norwegian Ambassador to Egypt Erik Husem, Scatec CEO Terje Pilskog and Scatec MENA Executive Vice-President Mohamed Amer.
The budget aims to increase spending on essential services, social protection programmes and public investment, while meeting the state’s financial obligations.
Rostom said growth is projected to accelerate to between 5.2% and 5.4% in the next fiscal year, supported by structural reforms, stronger public investment governance and expanded private-sector participation.
