Egypt’s Sisi Promises Rapid Growth

02 Jul 2018

Egyptian President Abdul Fattah al Sisi pledged to his citizens to target rapid growth rates of at least seven percent over the next few years.

He said that this goal will contribute to 'changing the reality of life in Egypt as a whole and putting it on a rapid economic path.'

In a televised speech on the occasion of the fifth anniversary of the June 30, 2013 Revolution, Sisi said: “No doubt the reform path is tough and difficult and it causes a lot of suffering. What is certain, though, is that the suffering resulting from lack of reform is even greater and worse.”

“Reform has been delayed so much that it has become a necessity, not a luxury,” he explained, promising Egyptians a better future for them and their children.

For years now, Egypt has been implementing measures adopted by various governments within the framework of the so-called 'economic reform plan'.

In successive stages, it gradually approved the gradual cut of subsidies on a number of transport, electricity and water services. It announced in mid-June a rise in fuel prices by an average of 60 percent.

“Egypt celebrates the fifth anniversary of the revolution of June 30, 2013, when the great Egyptian people spoke in a loud and audible voice, making the world bow with respect to their will, which changed the course of the region from the path of evil, exclusion and terrorism to peace, security, and development,” Sisi told Egyptians.

The president said that this day was a remarkable one in Egypt's history, and that 'Egyptians must be proud of the achievements.'

“On this remarkable day, millions of Egyptians, men, women, elderly and youth stood up to say their word loud and clear: there is no place for a traitor or conspirator among them, and to stress that they have nothing but loyalty to this homeland,” he stressed.

He added that the events of June 30 changed the whole region and redirected its destiny away from “terrorism and sectarianism.”

“On this great day, Egyptians stopped the wave of extremism and division that would have plagued the region,” Sisi said, expressing his respect and appreciation to the people for their patience and persistence and unity with their national institutions to confront one of the biggest challenges in their history.

The president reviewed what has been achieved since June 30, 2013, starting from stabilizing the pillars of the state and rebuilding its national institutions, such as its constitution, executive and legislative authorities and judiciary.

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