Egypt’s Prime Minister Mustafa Madbouly unveils new budget and admin restructuring

Prime Minister Dr. Mustafa Madbouly presented a new budget that aims to improve the quality of public services and attract investment. He highlighted a strategic partnership between Egyptian and Emirati private firms to develop a $3.1 billion urban project in east Cairo, underscoring Egypt’s success in drawing foreign direct investment into the real‑estate sector.

Madbouly also detailed the government’s ongoing reform of the state administrative apparatus. The plan seeks to raise efficiency and eliminate overlapping duties across ministries, councils and regional offices while retaining all current staff. Resources will be re‑allocated to address shortages, and digital transformation is emphasized as a core element of the restructuring. The reform draws on external studies, including a McKinsey review, and aims to optimise spending and service delivery without layoffs.

In his remarks, Madbouly referenced Egypt’s diplomatic role in recent regional developments, such as the U.S.–Iran memorandum of understanding and cooperation with the Quartet of foreign ministers (Saudi Arabia, Pakistan, Turkey and Egypt). These diplomatic efforts were presented as part of a broader push for regional stability that supports the country’s economic and development agenda.