Council of Ministers Statement

The Council of Ministers, headed by Dr. Mostafa Madbouly, issued a series of decisions aimed at boosting economic and service development in Egypt. Among these decisions was contracting with Samsung Electronics to establish a project for manufacturing all types of electrical wiring on a 22.6-acre site in Fayoum, with the goal of localizing the automotive industry and reducing related imports. The council also approved the implementation of 300 strategic bakeries to ensure bread availability across all governorates, and merged the Egyptian Agricultural Authority into the Agricultural Research Center to improve the performance of government entities and unify responsibilities. Additionally, the Housing Finance Fund was abolished, with its assets transferred to the New Urban Communities Authority. The name of the National Bank Hospital was changed to "Katameya Specialized Hospital," which now falls under the Ministry of Health. Furthermore, approval was granted for establishing a logistics zone spanning 30 acres in Toshka, Aswan, to support trade and logistics movement in Upper Egypt, thereby enhancing Egypt’s position as a regional and global hub for commerce.

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