Egypt seeks investments rather than cash handouts in its effort to improve the faltering economy, according to Ibrahim Mahlab, Egyptian interim prime minister.
“We are trying to get out of the bottleneck through various projects that can lead the country to prosperity. We are going for a kind of economic and social reforms; this is what we are looking for," Mahlab told journalists.
He thanked the Gulf countries for their funding during the transitional period, adding: “Economic reforms are under way to help facilitate further investment into Egypt.
Asked about the disturbances the country has been experiencing, he said: “Egypt has started to go back to its rich routes, which are strong. If your routes are strong, it can overcome any obstacles and withstand any storm.”
“Currently, the government is working with transparency and without bias,” he added.
“On May 26 and 27, the world will see the will of Egyptian people. Many countries had tried to break the will of Egyptian people, but failed,” he said.
Replying to a question about the Brotherhood, he said: “Egyptians absolutely refused to change their identity, and they don’t want a Brotherhood identity.”
Earlier, in his opening speech at Arab Media Forum, referring to the fast changes sweeping the media scene, he said: “The future is going to surprise us every hour.”
Reflecting on the state of the world, the Egyptian premier said that the ever-evolving and unstoppable changes and transformations have come to define our moment in history.
Egypt seeks investments, not cash doles: Mahlab



