President Abdel Fattah El Sisi ordered the formation of a working group to follow up the enforcement of projects and investment contracts reached during the Egypt Economic Development Conference (EEDC), held in Sharm El Sheikh on March 13-15, and coordinating between relevant authorities.
The president made the decision during a meeting Monday with Prime Minister Ibrahim Mahlab, the ministers of industry, planning, petroleum, supply, electricity, finance and international cooperation and the governor of the Central Bank of Egypt.
Sisi thanked all the ministries and institutions that contributed to preparing the projects floated during the economic conference, presidential spokesman Alaa Youssef said.
Sisi underlined that national companies should be given priority in carrying out the investment projects agreed upon during EEDC.
He also stressed that the first phase of establishing the new administrative capital be completed as soon as possible to ease the congestion in Cairo.
The meeting also took up local economic conditions as the president said limited-income brackets should be given special focus and care, the spokesman said.