CAIRO, June 12 (MENA) - Prime Minister Mostafa Madbouli expressed his appreciation and support for “Al-Muwajaha” (The Confrontation) TV program, broadcast by United Media Services.

He reiterated his keenness to maintain ongoing dialogue with private sector institutions and experts who present ideas and proposals in a bid to achieve hoped-for goals.

He underscored the government’s commitment to studying all recommendations arising from these important discussions and developing mechanisms for their implementation.

The premier gave the remarks during a meeting attended by Tarek Nour, the current Chairman of the Board of Directors of United Media Services (UMS) and Sherif el Kholy, a board member of the company. The meeting reviewed the recommendations and proposals raised in the episodes of "Al-Muwajaha" program.

Nour noted that the program aims to shed light on the challenges facing Egypt’s development and economic sectors, while showcasing a variety of ideas and proposals presented by business leaders, investors, and experts.

These proposals seek to overcome key challenges, especially in the tourism sector and other economic fields.

Kholy presented a number of recommendations and proposals that were put forward during the program’s episodes to address challenges facing investors in various economic and development sectors and to help attract further investments, particularly in promising sectors like tourism.

Kholy said the recommendations included the development of a national plan to restructure the Gross Domestic Product (GDP) so that investment and exports account for 50% of the economy within 3 to 5 years.

They also included a comprehensive plan to double Egypt’s exports over the next five years by attracting global manufacturers to produce in Egypt for export purposes. The Suez Canal Economic Zone was proposed as the central hub for executing this strategy.

He added that the recommendations also called for unlocking investment potential in the tourism and agriculture sectors and maximizing available resources to significantly boost growth.

The proposals stressed the importance of strengthening cooperation between the private sector and government to accelerate economic reform.

Goals include reducing public debt to 70% and external debt to 20% of GDP within five years, through the implementation of innovative solutions.

Additionally, the recommendations addressed the need to modernize the educational sector in line with labor market needs by updating curricula and expanding practical training.

Kholy also outlined specific suggestions for revitalizing the tourism sector, such as reconsidering land pricing policies and pinpointing lands available to investors.

The proposals also called for resolving delays in licensing through improvements to the current one-stop-shop system, expanding airport infrastructure, increasing airport capacity, and outsourcing airport management to specialized global companies.

Further suggestions included establishing private Egyptian airlines and providing incentives and facilitation measures to support their development. (MENA)
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