Egyptian Prime Minister Speaks with Global CEOs on Strategic Priorities in Post-Pandemic Era

17 Mar 2021

· The World Economic Forum convened a special dialogue with Egyptian Prime Minister Dr. Mostafa Madbouly and more than 80 business leaders from around the world

· The virtual session offered participants an insight into Egypt’s post-COVID-19 strategic priorities and structural reforms

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Geneva, Switzerland, 17 March 2021 – The World Economic Forum yesterday hosted a Special Dialogue with H.E. Dr. Mostafa Madbouly Prime Minister of Egypt, for its members and partners, the session was facilitated by Forum President Børge Brende.

The interactive session, during which the Prime Minister was accompanied by Minister of Foreign Affairs Sameh Shoukry, and Minister of International Cooperation Dr. Rania Al Mashat, gave chief executives from around the world an opportunity to hear directly from Prime Minister Madbouly about Egypt’s strategic priorities for the post-Covid era, as well as: the structural reforms aiming to enhance the country’s business environment, its position as a regional energy hub, accelerate its digital transformation and promote environmental sustainability.

“Egypt’s economy was one of the few to escape from a recession with a growth rate of around 2% in 2020, despite the myriad of challenges caused by COVID-19. It has recently witnessed significant developments in the energy sector - conventional and renewable – making it an electricity and natural gas production and export hub. Moreover, the Country has accelerated its development and investments in the ICT sector, putting sustainability and circular economy as priorities in its growth agenda. Additionally, Egypt’s agility and efficiency during the pandemic enabled it to connect with global supply chains,” said H.E. Dr. Mostafa Madbouly, Prime Minister of the Arab Republic of Egypt.

“Overcoming the global headwinds brought about by the COVID-19 pandemic, Egypt was one of a few countries in the world to maintain positive economic growth. The imperative to keep the momentum for reforms has never been more important in this challenging global context; as such the World Economic Forum remains committed to facilitating dialogue between governments and the private sector.” said Børge Brende, President, World Economic Forum.

More than 80 members and partners of the World Economic Forum from around the world participated in the virtual session.

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