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Egyptian President Abdel Fattah El-Sisi Emphasizes the Importance of Infrastructure Development for Egypt’s Economic Future

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Egyptian President Emphasizes Importance of Infrastructure Development for Egypt’s Future

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Introduction

Egyptian President Abdel Fattah El-Sisi highlighted the significance of the state’s efforts over the past eight years to strengthen and advance Egypt by investing in its infrastructure.

Building Strong Foundations

President Al-Sisi stated that substantial financial resources have been allocated to develop the country’s infrastructure, enabling it to progress in various areas. The aim is to propel Egypt towards immense development opportunities.

Achieving Economic Prosperity

During the annual meeting of the Asian Infrastructure Investment Bank in Sharm el-Sheikh, President Al-Sisi emphasized that Egypt’s strategy involved mobilizing the necessary investment funding to establish a robust infrastructure. This infrastructure has been established over multiple years and is well-equipped to support a thriving economy in the future.

Collaboration with the Private Sector

President Sisi acknowledged the vital role played by the private sector in implementing these infrastructure projects. Due to limitations faced by public sector companies, a significant portion of the funding was shared with private sector companies, which greatly contributed to the success of these endeavors.

Conclusion

President El-Sisi’s remarks underscore the ongoing commitment of the Egyptian government to develop and reinforce the country’s infrastructure, paving the way for a prosperous economic future.

Source: Egyptian media

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