Cairo: Prime Minister Mostafa Madbouli reaffirmed the government’s full readiness to support the expansion of industrial activities and boost factory production, emphasizing that such projects create thousands of job opportunities, generate added economic value, and significantly contribute to exports. The remarks were made during the closing of his visit to Beheira, accompanied by Deputy Prime Minister for Human Development and Minister of Health and Population Khaled Abdel Ghaffar, Minister of Local Development Manal Awad, Minister of Agriculture and Land Reclamation Alaa Farouk, and Beheira Governor Jacqueline Azar.
According to State Information Service Egypt, Madbouli visited several key private sector projects during the tour, including a major export-focused farm and a food manufacturing facility that supplies both local and export markets. The premier began with a visit to the village of Zawyet Saqr in Abu Al Matamir Center, where he followed up on the implementation of the “Decent Life” presidential initiative.
He inspected the services provided, including medical convoys, a one-day market, and community centers. He directed the governor to ensure that all completed projects are operated at maximum efficiency. Later, Madbouli visited Wadi El Natrun Hospital, where the Health Minister outlined expansion plans aiming to transform it into a regional healthcare hub.
Addressing regional geopolitical developments, Madbouli described the Israeli-Iranian conflict as a ‘highly dangerous escalation’ that could destabilize the entire region. He noted Egypt’s firm stance in condemning the recent aggression and emphasized that the government is preparing for all potential scenarios. Madbouli confirmed that he had been in direct contact with the Governor of the Central Bank and the ministers of petroleum and mineral resources, electricity, and finance to monitor the situation, particularly its impact on the energy sector.
Reiterating a previous commitment, Madbouli said the government would not resort to load-shedding, adding that immediate precautionary steps had been taken due to disruptions in natural gas imports essential for power generation. Egypt has accelerated its plan to bring in floating storage and regasification units (FSRUs) to ensure energy supply. Two of these units are currently being prepared in Ain Sokhna and Alexandria and will be fully operational by late June and early July, respectively.
Additionally, fuel oil reserves have been doubled compared to the same period last year, ensuring a secure energy backup for power plants. Madbouli urged the public to share in the responsibility of energy conservation, emphasizing the government’s efforts to avoid electricity outages, especially during the summer.
On the geopolitical front, the premier warned that the current conflict is likely to persist for some time, adding that Egypt has decided to postpone the opening of the Grand Egyptian Museum to the last quarter of the year. He expressed hope for de-escalation, warning that any further deterioration could lead to a full-scale regional war with ‘devastating consequences’ for all involved.