During an inspection tour of the Egyptian Military Academy on Friday, President Abdel Fattah al-Sisi said that the state has developed a huge program, the plan of which was extended for ten years, to raise Egypt up towards the standards of the modern world.
The costs of infrastructure on projects implemented by the state did not positively impact the price situation over the past few years, he admitted.
“Why don’t you see prices declining in a way that satisfies all Egyptians? Not yet. We must know well that the 10 years were all an effort to build the state’s capacity to take off,” the president stated.
President Sisi stressed that the goal of the past 10 years was to implement the state’s infrastructure in various sectors, such as transportation, ports, airports, education or health.
“Reducing the effort and plan for the road network indicates that we as a state are unable to convey to you that what was done was not only for road work,” he explained.
Sisi explained that the state has worked according to an integrated plan, and used the energy sector as an example, explaining: “In 2012 and 2014, we had a crisis in electricity generation stations. First, we did not have enough stations to produce electricity, second, a network to transport this production, and third, control stations that regulate the performance of this network.”
He continued: “I gave an example of one sector, and I can talk about all sectors in the same way, and the result was a doubling of electricity production, and at the same time I do not sell it to people at its real price, I sell it to a very large group of people at a quarter of its price.”
