Cairo: Prime Minister Mostafa Madbouly announced Tuesday, November 11, 2025, that the state will allocate the majority of proceeds from the recently signed investment deal with Qatar, expected to be received in December, to reducing public debt, as part of the government's strategy to ease debt burdens and improve fiscal indicators.

According to State Information Service Egypt, during a press conference following the Cabinet's weekly meeting, Madbouly said most of the funds from the deal will be used directly to repay part of the national debt. "This is a clear and deliberate direction for the state."

He added that the inflow of these funds will also strengthen Egypt's foreign currency reserves, creating a dual impact by both lowering debt levels and increasing reserves to support economic stability.

Addressing concerns about residents affected by the project, the premier assured that the government always considers the social dimension in all property expropriation decisions for public projects. 'No citizen will be harmed by these procedures,' he stressed, noting that compensation is paid immediately once expropriation decrees are issued.

'In some cases,' Madbouly added, 'the state also provides financial aid or social support even to those without official ownership documents, out of humanitarian consideration.' He emphasized that the state is managing this file with 'wisdom and responsibility,' ensuring fairness and prompt compensation.

On the petroleum sector, Madbouly noted that new oil and gas discoveries continue to be announced regularly. Although not large in scale, he said, these discoveries help reduce Egypt's import bill for petroleum products.

He also revealed that seismic studies have begun for the first time in areas of the Western Desert and southwest Egypt; regions that had not previously undergone detailed exploration. He expressed optimism about the potential results of these studies in the coming period.

In parallel, he said, the state is pursuing an ambitious plan to expand the use of new and renewable energy sources, aiming to reserve oil and gas for higher value-added industries rather than electricity generation; an approach that maximizes the efficient use of Egypt's energy resources.