Prime Minister Dr. Mostafa Madbouly stated that Egypt is on the right path towards achieving sustainable economic growth with the participation of the private sector, which contributes about 70% of the GDP. Speaking at the Development Financing Conference for Empowering the Private Sector, he highlighted that the private sector is the main driver of economic growth in Egypt, generating over 80% of job opportunities. The government has taken steps to control public spending and set limits on public investments to enhance efficiency and provide more space for the private sector. The conference also highlighted efforts in development financing over the past five years and announced new financing mechanisms and agreements with development partners.
— new from (Youm7)
