Madbouly and Rousseff Highlight Success of Egypt’s Urban Development at NDB Forum

Cairo, Egypt – Egyptian Prime Minister Mostafa Madbouly and former Brazilian President Dilma Rousseff addressed the 14th Annual Meeting of the New Development Bank (NDB) Forum held in Cairo, highlighting Egypt’s remarkable achievements in urban development and infrastructure.

Egypt’s Urban Transformation

Prime Minister Madbouly emphasized the government’s commitment to transforming Egypt’s urban landscape. He outlined the country’s ambitious urban renewal and development plans, including the ongoing New Administrative Capital project and the development of several new cities. “Egypt is witnessing a significant urban development boom, aimed at meeting the growing needs of our population and improving the quality of life for all citizens,” said Madbouly. “Our focus is on creating sustainable, well-planned, and inclusive cities.”

New Administrative Capital

Madbouly showcased the New Administrative Capital, located 45 kilometers east of Cairo, as a model for urban innovation. The sprawling metropolis is designed to accommodate a population of over 6 million and boasts state-of-the-art infrastructure, residential areas, and commercial and administrative districts.

Dilma Rousseff’s Praise

Former President Rousseff commended Egypt’s urban development efforts, particularly the New Administrative Capital. She praised the government’s vision and commitment to creating a modern and sustainable city. “Egypt is setting an example for the region and beyond,” said Rousseff. “The New Administrative Capital is a testament to the country’s determination to embrace innovation and progress.”

NDB’s Involvement

The NDB has been a key partner in Egypt’s urban development efforts. The bank has provided financing for several projects, including the New Administrative Capital. NDB President Marcos Troyjo emphasized the bank’s commitment to supporting Egypt’s development goals. “Egypt is a strategic partner for the NDB,” said Troyjo. “We believe in the country’s potential and are proud to be part of its urban transformation.”

Conclusion

The NDB Forum provided a platform for Egypt to showcase its urban development achievements and attract further investment. Prime Minister Madbouly and former President Rousseff’s endorsements highlighted the country’s commitment to creating a sustainable and prosperous future for its citizens.Egypt’s Prime Minister Meets with New Development Bank President

Egypt’s Prime Minister Meets with New Development Bank President

Egypt’s Prime Minister, Mostafa Madbouly, met with Dilma Rousseff, President of the New Development Bank (NDB), at the bank’s inaugural international forum held in Egypt’s New Administrative Capital. During the forum, the NDB showcased its mechanisms for supporting the private sector, providing concessional financing, and offering technical assistance to small and medium-sized businesses. Madbouly expressed his appreciation for Egypt’s selection as the host for the forum. He emphasized the NDB’s crucial role in facilitating access to affordable financing, especially with the expansion of the BRICS group. Madbouly and Rousseff discussed Egypt’s development achievements, including the construction of the New Administrative Capital. The Prime Minister highlighted the government’s accelerated construction efforts, resulting in a record-breaking completion time for the current headquarters and facilities. Madbouly emphasized the project’s environmental sustainability and the participation of Egyptian companies in its construction. He stated, “We mainly rely on Egyptian companies, which have gained significant experience in building the new administrative capital.” He also highlighted the business and financial district, which features Africa’s tallest tower built in collaboration with a Chinese company. This project serves as a testament to the substantial contribution of Egyptian companies and labor. Madbouly expressed the government’s goal of making the New Administrative Capital “a regionally attractive city” within a decade. He also discussed the government’s efforts to address informal settlements, providing alternative housing for citizens. Rousseff commended the Egyptian government’s achievements in the New Administrative Capital, particularly its precision and attention to detail. She shared Brazil’s experience in urban development and addressing informal settlements. Minister of International Cooperation Rania Al-Mashat expressed gratitude for Rousseff’s support and praised the ongoing cooperation between Egypt and the BRICS countries.Egyptian Prime Minister Mostafa Madbouly and Brazilian President Dilma Rousseff highlighted the success of Egypt’s urban development projects at the New Development Bank (NDB) Forum held in Brasilia, Brazil. Madbouly presented Egypt’s experience in urban development, emphasizing the country’s ambitious plans to build new cities and improve infrastructure. He highlighted the New Administrative Capital project, which aims to create a sustainable and integrated urban center east of Cairo. Rousseff praised Egypt’s efforts in urban development, noting that the country has made significant progress in improving the lives of its citizens. She expressed Brazil’s willingness to share its experiences and expertise in this field with Egypt. The NDB Forum brought together leaders from various countries to discuss sustainable infrastructure development. The bank, established by the BRICS group of nations (Brazil, Russia, India, China, and South Africa), aims to finance infrastructure projects in developing countries. Egypt’s participation in the forum underscores its commitment to fostering cooperation with international partners in the pursuit of sustainable urban development. The country’s ambitious urbanization plans are expected to attract significant investment and create new opportunities for economic growth.