Egyptian Prime Minister Dr. Mostafa Madbouly has announced that President Abdel Fattah El-Sisi has implemented measures to reduce prices for the benefit of Egyptians. He stated that prices are expected to decrease by up to 30% in the near future. The Prime Minister highlighted that there has been a comprehensive evaluation of prices across different regions, with a projected 27% decrease in public goods. Any violations or price gouging will be addressed in accordance with the law.
During a press conference at the Council of Ministers headquarters in the New Administrative Capital, Dr. Madbouly emphasized the importance of ongoing price monitoring and enforcement. He also noted that goods worth $8 billion have been cleared from ports to help stabilize prices. Additionally, he chaired a government meeting to discuss various important issues, including the state’s support for foreign guests and expatriates residing in Egypt.
Dr. Madbouly commended regulatory authorities for their efforts in monitoring markets and ensuring compliance with price regulations. He underscored the government’s commitment to supporting millions of guests and refugees living in Egypt from diverse backgrounds. The Prime Minister was tasked with assessing the state’s contributions to caring for these individuals and documenting the efforts made to accommodate them.
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