Egyptian Prime Minister Moustafa Madbouly pledged on Wednesday that his government will stay the course on economic reforms and safeguard the nation's stability as it looks to protect foreign investment from rising regional tensions. Speaking at a press conference after recently witnessing the signing of a major agreement with Chinese partners for new projects in Egypt's Suez Canal Economic Zone (SCZONE), the prime minister said stability remains the top priority in preserving investor confidence. "Stability and security are the biggest drivers attracting investors to Egypt," he said. Prime Minister Madbouly highlighted recent progress in Egypt's economy, including stronger foreign currency reserves and a firmer pound, as evidence of the benefits of ongoing reforms. He added that Egypt's relative stability had helped fuel recent inflows, even as geopolitical risks mount in the region. "We will continue with our economic reform programme without interruption because we see the positive results on the ground," Prime Minister Madbouly said. "That's what encourages investors to choose Egypt, regardless of regional conditions." The prime minister said investors assess both broader regional dynamics and each country's internal situation. He underscored that Egypt's commitment to reform and sound economic management will remain key to attracting and retaining foreign capital despite external uncertainties. Attribution: Amwal Al Ghad English
