Egypt's new PM says to seek to fix economy

Mehleb cited a major project that is hoped to turn the Suez Canal area into an international magnet for huge shipbuilding, maintenance, industrial and logistical investments

Egypt's new PM says to seek to fix economy

World Bulletin/News Desk

Egypt's new Prime Minister Ibrahim Mehleb on Sunday said his interim government would work hard to fix the economy and attract more investments during the next few months.

"We will try to achieve the aspirations of the Egyptian people," Mehleb, whose government was sworn in on Saturday, said in a televised address to the nation.

"We will pay special attention to major projects," he added.

He cited a major project that is hoped to turn the Suez Canal area into an international magnet for huge shipbuilding, maintenance, industrial and logistical investments.

The new premier said his government also has hopes to raise inhabited space in Egypt from 5.5 percent of the size of this populous country to 30 percent.

He called for a suspension of demonstrations and sit-ins so that "Egyptians can have the time to rebuild their country."

Mehleb's government succeeded this of his predecessor Hazem al-Beblawi who said in an address last Monday that labor unrest was one of the reasons for walking out.

The new prime minister reduced to 31 the number of ministries in his government from 33 in the government of his predecessor in a bid to reduce government spending.

An engineer by profession, Mehleb vowed to impose law and order, improve the performance of the economy, and open up for Africa and other Arab countries.

 

Last Mod: 02 Mart 2014, 16:36
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