The Egyptian government's strategy for developing infrastructure and achieving comprehensive development
Expanding Egypt's road and bridge network: a strategic investment to reduce accidents and support the economy
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The Egyptian government has successfully implemented a comprehensive infrastructure development plan, constructing and modernizing more than 7,000 kilometers of roads and bridges over the past years, improving connectivity between governorates and enhancing transportation and trade.
The Regional Ring Road is one of the most important axes developed, given its vital role in connecting the regions of the Republic. Although the road witnesses a high rate of transportation accidents, reaching 80%, the government is in the process of implementing an urgent plan to reduce accidents by:
- Installing smart surveillance cameras.
- Improve road lighting.
- Development of rapid ambulance points.
- Application of international safety standards.
Increase financial allocations for the maintenance and modernization of the road network
The government announced a clear increase in the budget allocated to road maintenance, while emphasizing the implementation of a clear time plan aimed at reducing the accident rate in line with global rates. The plan includes:
- Periodic survey and evaluation of road conditions.
- Using modern paving materials that are resistant to climatic factors.
- Expanding the construction of overhead bridges to relieve traffic congestion.
- Stability of electronic services after the Ramses Central accident
The Egyptian government confirmed that electronic services have returned to normal after the fire that broke out in Ramses Central, noting that reliance was not entirely on this central, as the state has a strong reserve structure to ensure the continuity of services.
Reducing public debt and achieving positive economic growth
Over the past two years, the country has been able to gradually reduce public debt, which represents an economic success in light of global challenges. Expectations indicate an increase in the overall growth rate during the last quarter of the fiscal year, as a result of:
- Implementing a comprehensive economic restructuring program.
- Encouraging local and foreign investment.
- Developing productive sectors.
A new system for the old rental law and the protection of tenants' rights
The government seeks to implement the old rental law in a fair manner that preserves rights, and it has been announced:
- A special program to provide alternative housing for original tenants.
- Create an electronic platform to record tenant data and inventory the required units.
- Ensuring priority for beneficiaries in social housing projects without the need for a lottery.
The primary goal is to ensure social justice and prevent deserving families from being affected by the implementation of the new law.
International Monetary Fund: Do not enter into the offering program
The government confirmed that the International Monetary Fund does not interfere in selecting companies or sectors offered for investment, but rather the decision is left entirely to the Egyptian side in accordance with national development priorities.
Renaissance Dam: Egypt adheres to its water rights and refuses to harm its share
The Egyptian government explained that Egypt's position towards the Renaissance Dam is firm, which is not to accept any harm that affects Egypt's share of the Nile River waters. Contacts with the Ethiopian side confirmed that the dam would not affect the water share, while the claim continues:
- With a binding legal framework for the operation of the dam.
- Maintaining regional cooperation on Nile waters.
- Adherence to Egypt's historical rights.
Tsunami rumors denied: Tourism hit a hidden target
In response to news circulating about the possibility of a tsunami in Egypt, the government confirmed that these are malicious rumors aimed at harming tourism, especially given the prosperity witnessed by the North Coast region as a major tourist destination.
Conclusion: Egypt is on the right path towards comprehensive and sustainable development
Egypt is confidently implementing an ambitious development vision based on developing infrastructure, achieving social justice, and protecting water and economic security, making it more prepared to face challenges and achieve the desired sustainable development.