Madbouly Highlights Declining Inflation, Rising Reserves, and Progress at Dabaa Nuclear Plant

Egyptian Prime Minister Mostafa Madbouly reported improvements in economic indicators and ongoing efforts to secure energy supplies during a press conference.

• Madbouly said inflation has decreased and foreign reserves have increased.
• Madbouly stated he chairs continuous meetings to secure Egypt's energy needs.
• Madbouly announced the installation of the reactor pressure vessel for the second unit at the Dabaa nuclear plant, which is scheduled to begin operation by the end of 2028.
• Madbouly added that Egypt will have four nuclear plants operational by 2030.

Latest developments

• Jul 15 — Madbouly announced that Egypt's foreign exchange reserves have surpassed $55 billion for the first time, an increase of about $2 billion in one month.