– Prime Minister Mostafa Madbouly revealed that Egypt faces an annual expenditure of over $10 billion for hosting refugees, highlighting the immense financial burden.

– With more than 9 million refugees currently in Egypt, primarily from Africa and neighboring regions, the country is grappling with the repercussions of regional unrest and instability.

– Madbouly’s remarks at the World Economic Forum in Riyadh underscore the global significance of Egypt’s refugee crisis and the urgent need for international cooperation and support to address its socioeconomic impact.

Egypt’s Prime Minister Mostafa Madbouly’s revelation of the staggering annual expenditure of over $10 billion for hosting refugees sheds light on the immense burden faced by the country. 

With more than 9 million refugees currently residing within its borders, Egypt finds itself grappling with the repercussions of unrest across its neighboring regions, particularly in Africa. 

This influx not only strains the nation’s resources but also underscores its humanitarian commitment amidst regional instability.

Madbouly’s remarks, delivered during a special session at the World Economic Forum in Riyadh, Saudi Arabia, underscore the global significance of Egypt’s refugee crisis. 

The scale of the challenge underscores the urgent need for international cooperation and support to address the socioeconomic impact on Egypt and alleviate the plight of millions displaced by conflict and instability. 

Moreover, it prompts a deeper examination of the root causes of displacement and the imperative for sustainable solutions to foster stability in the region.