President Abdel Fattah El Sisi said all measures adopted by the government took into consideration citizens’ interests and were meant to help state press ahead with required progress rather than adding burdens on them.
In statements during the inauguration of some national projects in Al Asmarat on Sunday 12/7/2020 the president said, the state has been attempting to handle encroachment on state-owned lands for ten years and managing to contain the crisis without adopting severe measures.
Sisi referred to strict economic measures the country adopted as of November 2016.
“Thanks to recent economic reforms, that the Egyptian economy fared well amid the current difficult stage,” the president said.
For three years the Egyptians have been tolerating hike in prices, along with other challenges; a matter that helped the economy remain resilient in the face of the crisis imposed by the current pandemic besetting the entire globe, the president noted.
Tourism sector, which contributes dlrs 14 billion to the economy has suffered a complete hiatus over the past period due to the pandemic that also had its toll on the aviation and trade sectors, he added.
President Sisi – commenting on the speech by the finance minister during the inauguration of a number of national projects earlier today – stressed that attempts to expand randomly over state-owned lands cannot be tolerated.
“This won’t happen again because it is greatly hazardous,” Sisi said.
“We will never hesitate to confront and stop this phenomenon. The [Egyptian] State will act to restore discipline, so that both the State and citizens are committed to obligations amid measures that regulate that process.”
About an initiative to replace old cars, the president said those vehicles should better be equipped with natural gas tanks because this would save about half the cost of fuel.
This applies to any type of vehicles, whether microbuses, private cars or taxis, he noted.
Sisi told the finance minister that, theoretically speaking, the cost of turning diesel-oil cars into natural gas engines would cost some eight billion pounds.
President Sisi said new cars will not licensed unless they are operated by natural gas.
It is our right to preserve environment and optimize available natural gas resources, he added.
As for ongoing housing projects, the President said 250,000 homes were provided for inhabitants of unsafe areas across Egypt.
The President also referred to the Decent Life initiative launched in collaboration with the Ministry of Social Solidarity to help 32 million people living in Egypt’s underprivileged villages.
The initiative includes providing drinking water lines, ceiling roofless houses, and donating blankets and furniture.
At the end, President talked about the 2-billion-pound consumption stimulus Fund to be set up to promote consumption and help citizens buy households and other needed items in an easy and low-cost way.
He said the Fund targets those having difficulties to present needed guarantees to banks to buy an apartment or any commodity.
He stressed that all citizens applying for a flat will get it through a low-cost financing tool that will be provided through the Fund.
Source: State Information Service Egypt