During the activities of the preliminary day of the World Government Summit (WGS) 2022 in Dubai: The Minister of Planning and Economic Development participates in the “Emerging Markets at the fore” session within the Investopeia Forum

H.E. Dr. Hala El-Said, Minister of Planning and Economic Development, participated in the “Emerging Markets at the fore” session at the Investopeia Forum, which was held during the activities of the preliminary day of the World Government Summit (WGS) 2022, which will be held on March 29-30.

The session was launched under the slogan "Shaping Future Governments" in Dubai, the capital of the United Arab Emirates, in the presence of His Excellency Abdullah bin Touq Al Marri, Minister of Economy of the United Arab Emirates, His Excellency Mokhtar Diop, Director General of the International Finance Corporation, His Excellency Piyush Goyal, Minister of Commerce and Industry of the Republic of India.
During the session, Dr. Hala El-Said stressed the need to take corrective steps, noting what the Egyptian state had taken during the Covid 19 pandemic to take corrective steps promptly, as Egypt has a large population.

El-Said explained that the pandemic had significant effects on the Egyptian economy, from which it is still recovering, as these effects are not only on Egypt but on the whole world.

El-Said highlighted that the Egyptian state focused on achieving a balance during the precautionary measures during the pandemic between ensuring people's health and maintaining economic activity.
El-Said added that the pandemic affected both sides of the demand and supply, noting that Egypt is strengthening government investments and taking measures.

 El-Said explained that the effects of the economic reform program adopted by the government were reflected in the resilience of the Egyptian economy to withstand the challenges imposed by the pandemic, as well as the financial and legislative policies included in the program that contributed to the recovery of the economy.

El-Said added that the Egyptian government had taken many measures to increase investments and raise wages, noting that Egypt had the financial space that contributed to taking these measures to address the pandemic.

 This financial space helped to enhance imports, secure services, and support employment, so that the Egyptian economy is among the economies that reach positive economic growth, in addition to achieving an average unemployment rate and a low inflation rate, which represents the integrated economic aspects.

El-Said indicated that the Egyptian government has taken some measures to achieve a balance in the trade balance, and to enhance the weight of the actual economy by focusing on the sectors of industry, agriculture, and basic pillars, as well as the transition towards a green economy, water desalination projects, noting that Egypt will host the Cop27 Climate Summit.
El-Said also stressed the importance of the labor market, as the population of Egypt is 103 million, which calls for attention and focus on the labor market and its effectiveness.
El-Said added that the state is also focusing on education and study by improving the level of schools, universities, and applied schools.
 El-Said explained that the challenge facing vocational education is the special mentality and social dimensions that confront the thought of moving from traditional to vocational education.
El-Said talked about the Presidential Initiative” Decent Life” initiative, which aims to raise the standard of living for citizens in 4,500 Egyptian villages, for 3-4 years, to cover more than 58 million citizens of Egypt.
El-Said explained that the initiative works to change and improve the lives of all Egyptians, enhance infrastructure, and improve access to basic services such as electricity, road and water network, education, health care services, decent job opportunities, empowering women, and sustainable cities. by the state to improve the lives of citizens.





El-Said pointed out that many projects have been carried out, such as the industrial zone in the Suez Canal, in addition to the establishment of The Sovereign Fund of Egypt (TSFE), which is one of the mechanisms linking the public and private sectors and represents the investment arm of the Egyptian government intending to exploit the untapped resources and assets of countries.
 El-Said explained that the fund has established four sub-funds in the areas of diverse health services, infrastructure, financial services, and digital transformation.