Politics
Madbouly details Egypt's pre-2011 economic challenges
October 24, 2026 at 03:57 PM
Coverage
3 reports
Egyptian Prime Minister Mostafa Madbouly has recounted the economic and demographic challenges Egypt faced before 2011 and during the 2011–2014 period.
- Madbouly said more than 64% of Egyptian investments were concentrated in Cairo and Giza before 2011, with only 9% of governorates driving economic activity.
- Madbouly said the 2011–2014 period saw currency reserves decline, foreign direct investment fall, and growth drop from 5.1% to 1.9%.
- Madbouly stated unemployment rose to 13.2% and the budget deficit climbed from 8% to 12% in the same period.
- Madbouly said President Abdel Fattah el-Sisi adopted a comprehensive national development project.


