Ahmad 
Egyptian Prime Minister Mostafa Madbouly announced plans to boost Egyptian exports to reach $145 billion annually by 2030.
During the announcement of the comprehensive strategy to support industry and stimulate economic growth, Madbouly stressed the government’s commitment to supporting businessmen and facilitating the necessary procedures to enhance the competitiveness of Egyptian exports.
Madbouly said that it was agreed with the export councils to increase export growth rates by 15%, in order to achieve the desired goals, stressing the importance of industry as a key engine for development, and full support for investors wishing to engage in the Egyptian market.
Madbouly’s announcement comes after Egypt secured significant financial flows from the International Fund, cooperation projects with the European Union and the Ras El Hikma project with the UAE, which is a strong boost to the Egyptian economy.
The Ras El Hikma project includes investments estimated at $ 150 billion, including $ 35 billion foreign direct investment to the Egyptian government within two months, including $ 11 billion debt cancellation, and the contract stipulates that Egypt will receive 35% of the total profits of the project.
Huge financial losses for the Suez Canal ranging between 500 and 550 million dollars per month