🇪🇬EgyptNorth Africa
Egypt postpones 20 road projects to reduce fuel consumption and import costs
via Egypt Today1 min read
Egypt's Transport Minister Kamel El Wazir announced the postponement of 20 road projects, a move aimed at decreasing petroleum consumption and lowering the country's import bill. Prime Minister Mostafa Madbouly emphasized the government's commitment to tracking projects affected by this rationalization plan, which seeks to optimize fuel usage and enhance national energy security. El Wazir clarified that projects nearing completion or holding strategic importance will continue as planned. Minister of Housing, Utilities, and Urban Communities Randa El-Menshawy confirmed her ministry's support for these measures, aligning with broader government efforts to manage spending and reduce imports amidst global economic challenges. Minister of Petroleum and Mineral Resources Karim Badawi stated that his ministry is focused on securing fuel for key sectors and citizens, while implementing consumption-rationalization measures to address regional tensions and reduce import dependence. Madbouly called for a permanent inter-ministerial coordination framework to oversee the plan, ensuring that these actions reprioritize government spending without impacting essential services or long-term development.
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This summary was AI-generated from a story originally published by Egypt Today.
Prime Minister Mostafa Madbouly chaired a high-level meeting to assess measures for securing essential goods and reforming the subsidy system. Key officials, including the Minister of Finance, Ahmed Kouchouk, and the Minister of Supply and Internal Trade, Dr. Sherif Farouk, attended. The Prime Minister stressed the importance of continuous monitoring and inter-agency coordination to protect essential supplies, especially given regional tensions affecting global supply chains. He noted that government actions have maintained sufficient reserves for several months. PM Madbouly highlighted that current regional and international crises necessitate expenditure rationalization, leading Egypt to implement stricter governance of its subsidy system to support vulnerable populations. Minister of Supply Sherif Farouk detailed efforts to ensure affordable essential goods through market monitoring, confirming robust strategic reserves as per President Abdel Fattah El-Sisi's directives, which helps prevent market manipulation and ensures price stability. Cabinet Spokesperson Mohamed El-Homsani stated the meeting focused on optimizing resource utilization to meet state social goals and address the needs of targeted groups.
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