Egypt’s Prime Minister, Mostafa Madbouly, announced on Thursday that the government is advancing plans to include private sector companies in the management and operation of the country’s airports. This step is part of broader efforts to modernize Egypt’s civil aviation sector and increase efficiency.
In a statement from the Egyptian Cabinet, Madbouly confirmed that the government had approved an agreement with the International Finance Corporation (IFC), a prominent member of the World Bank Group. The agreement aims to facilitate private sector participation in the management of Egypt’s airports, a move that underscores the country’s commitment to attracting foreign investment and enhancing airport infrastructure.
Earlier this week, Madbouly engaged in discussions with investors and business leaders about potential collaborations between the government and private sector players. These partnerships are expected to focus on not only airport management but also the establishment of new airline companies and the expansion of Egypt’s air fleet. Such initiatives are seen as crucial for boosting Egypt’s competitiveness in the global aviation market.
Madbouly also projected that Egypt would receive 15.5 million tourists in 2024, a significant increase from previous years. Looking ahead, the government has set an ambitious target of 18 million tourists by 2025, underscoring its strategy to position Egypt as a leading destination for global travelers.
Additionally, Egypt’s long-term aviation strategy includes a major expansion of its airport capacity, with plans to handle 72.2 million passengers by 2025 and 109.2 million by 2030, compared to 66.2 million in 2023. These improvements are expected to support the country’s growing tourism industry and contribute to economic development.