Cairo: Prime Minister Moustafa Madbouly stated that the partnerships between the Egyptian private sector and investors from sisterly countries reflect growing confidence in the Egyptian economy. He emphasized that these collaborations underscore the market's ability to attract high-quality investments that support sustainable development goals.

According to State Information Service Egypt, Madbouly made these remarks during a ceremony to sign an investment partnership agreement between Egyptian and Emirati private-sector entities. The agreement aims to develop an integrated urban development project in the city of Mada in New Cairo. The event witnessed the presence of ministers, senior officials, and representatives from participating companies.

The prime minister highlighted that the venue for the signing ceremony, located at the cabinet headquarters in the New Capital, has become a platform for launching major projects. He remarked that these initiatives demonstrate investors' confidence in Egypt's economy and its promising opportunities. Reaffirming the state's commitment, Madbouly noted the empowerment of the private sector as the main engine of economic development, stating that the new Egyptian-UAE partnership serves as a successful model of investment cooperation.

Madbouly further revealed that the project, situated east of Cairo, will be developed with investments exceeding $3.1 billion and will cover an area of 553 feddans, showcasing the scale and ambition of this collaborative venture.