Egypt has paved the way for investors by enhancing electricity, roads, ports, and water infrastructure, along with legislative frameworks and a robust banking system, all critical components for attracting investments, Sisi said.

Speaking about the transport sector, Sisi revealed that the government has invested EGP 2 trillion to establish a comprehensive transport network, including railways, metro systems, and Bus Rapid Transit (BRT) services. This network aims to connect Ain Sokhna to Cairo, the New Administrative Capital, Alexandria, Alamein, and Salloum, as well as extend from Cairo to Aswan, adding 2,700 kilometers to the national road network.

Sisi highlighted the efforts to alleviate pressure on Cairo, warning that had the situation remained as it was in 2011-2012, the city would have turned into a "parking lot."

The president also noted that the electricity sector required an equal investment of EGP 2 trillion to address critical challenges with a scientific plan, sacrifice, and determination. He stressed that the outcomes of these efforts will become evident in the future.

Additionally, Sisi pointed out that Egypt lost $7 billion in direct revenues from the Suez Canal over the past 11 months due to the global impact of the war. However, the International Monetary Fund has affirmed Egypt’s steady progress on its economic reform program. The lost revenues, equivalent to EGP 350 billion, were expected to be allocated to various development sectors, but the country remains committed to its reform path. (MORE)

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