Mohamed Al-Homsani, spokesperson for the Egyptian Cabinet, explained how the state has utilized the funds from the "Raseed Al-Hakma" deal with the UAE. In a phone call during the program "On My Responsibility," Al-Homsani addressed the funds from the "Raseed Al-Hakma" deal, stating that Prime Minister Mostafa Madbouly indicated the state's oil needs amount to $55 billion annually, while its resources stand at $33 billion. The state has an obligation to secure $122 billion for just one sector of its needs.
Al-Homsani added, "It is necessary to rely on the state's own resources to achieve balance in sectors, as investment deals assist the government in facing current challenges. The funds from the Raseed Al-Hakma deal, amounting to $35 billion, have been used for a single purpose: releasing goods held in customs amounting to over $8 billion." The Cabinet spokesperson noted that guests in Egypt (refugees) present additional burdens on the state across various sectors and that they do not receive the same support extended to Egyptian citizens. He mentioned that the government is counting the number of "guests" to address international bodies for part of the support to bear some of the burdens they cause.
