Egypt is expected to reveal the first results of its airport public offering programme before the end of the year, according to a report by the National Bank of Kuwait (NBK), citing the regional director of the International Finance Corporation (IFC), a member of the World Bank Group.
The IFC, which is serving as the Egyptian government's strategic adviser on the initiative, said progress has been made in restructuring the programme aimed at increasing private-sector involvement in the management and operation of the country's airports.
The initiative covers 11 airports, with Hurghada Airport among the first facilities planned for offering to private operators.
As part of its advisory mandate, the IFC is carrying out technical and financial evaluations, designing public-private partnership (PPP) frameworks, and promoting investment opportunities to domestic and international investors. The programme aligns with Egypt's broader economic reform strategy and the government's State Ownership Policy Document.
The airport offering initiative is intended to improve operational performance, enhance passenger services and attract fresh investment into Egypt's aviation sector by expanding the role of private operators.
According to NBK, successful implementation of the programme is expected to boost infrastructure investment, strengthen the efficiency and competitiveness of Egypt's air transport industry, and reinforce investor confidence in the country's ongoing economic reform agenda.
Source: ZAWYA