Maait: Economic reforms fostered Egypt's economy in face of COVID-19

Finance Minister Mohammed Maait said on Saturday that economic reforms adopted by the political leadership over the past years have fostered the country's economic solidity in face of the COVID-19 impact.

The government seeks to turn the crisis of the novel coronavirus into a privilege of the industrial sector with a view to encouraging the domestic production, the minister said.

The price of gas and electricity for factories has been reduced with a total value estimated at LE 10 billion borne by the state treasury, the minister said.

Maait pointed out to the supportive financial package introduced by the government to support Egypt's economy that is worth two percent of the GDP.