Gov't focuses on restoring economy to rates prior to COVID pandemic

Prime Minister Mostafa Madbouli asserted that the government's current focus is to restore the economy to rates prior to the coronavirus pandemic and implement development plans according to outlined priorities, highlighting the mega projects of sustainable infrastructure, railways, roads, sanitary drainage, potable water as well as establishing new cities such as the New Administrative Capital, New Alamein and others in addition to setting up economic and logistic zones.

Madbouli made these remarks during his participation in an event organized by the American Chamber of Commerce in Cairo under the title of "Egypt in 2021 and What's After".

Despite the relative setback in economic indicators in a number of countries due to the outbreak of the coronavirus pandemic, the recent economic reforms introduced by Egypt has greatly contributed to achieving flexibility and enabled the country to mitigate the negative impact of such a great challenge, Madbouli said.

Egypt's economy is among the fewest in the region which achieved positive growth rates amid the pandemic, the premier said, noting that the Egyptian growth rate reached 6% before the virus outbreak.