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Jet aircraft landing at Cairo, Egypt 3D rendering illustration. Arrival in the city with the glass airport terminal and reflection of the plane. Travel, business, tourism and transport conce. Image used for illustrative purpose. Getty Images
Egypt plans to begin offering its airports to the private sector for management and operation starting next year, official government spokesperson Mohamed El-Homsani confirmed to Asharq Business.
El-Homsani said that the cabinet has approved the Ministry of Civil Aviation's proposal to engage the International Finance Corporation (IFC) as a strategic advisor for the process.
The IFC will conduct the necessary studies to facilitate the privatization effort, which will be followed by offers and negotiations with interested companies.
Currently, Egypt operates 15 international and two domestic airports under the state-owned Holding Company for Airports and Air Navigation.
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