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Egypt is partnering with the International Finance Corporation (IFC) to implement public-private partnerships (PPP) at 11 airports, including Hurghada International Airport, to enhance infrastructure and services without straining the national budget. This initiative is part of Egypt's Asset Monetization Program, aiming to attract private investment and improve air connectivity, ultimately fostering economic growth and tourism. The airports involved also include Sphinx, Sharm El Sheikh, and Luxor, among others.
Egypt's Purchasing Managers' Index (PMI) has exceeded 50 points for the second month in a row, indicating a positive economic outlook, as reported by Prime Minister Mostafa Madbouly. This follows an USD 8.7 billion increase in Net Foreign Assets (NFA) recorded by the Central Bank of Egypt in January 2025, contrasting sharply with a USD 29 billion deficit from the previous year. Total NFA has now risen to approximately USD 37 billion, with January's gains representing 60% of this increase, while foreign exchange reserves have reached USD 47.4 billion.
Egypt plans to list three or four military-affiliated companies on the stock exchange as part of its initiative to divest state assets. Prime Minister Mostafa Madbouly announced that the names of these companies will be revealed next week, along with additional details on the divestment program.
Egypt has requested a review of the targets set in its $8 billion program with the International Monetary Fund, according to Prime Minister Mostafa Madbouly. He noted that IMF officials have shown understanding of these practical requests. The fund is expected to complete its latest review of Egypt's 46-month program in the coming days.
Egypt's Prime Minister Mostafa Madbouly announced a review of the state asset sale program due to the nation's "extraordinary" circumstances. While the goal of increasing private sector opportunities remains, the sectors and sizes of the offerings may be adjusted, with over 30 companies initially listed for sale.
Mostafa Madbouly
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Egypt partners with IFC to enhance airport infrastructure through public-private partnerships
International Finance Corporation Corp.
EGY
Mostafa Madbouly
Sérgio Pimenta
Sameh El Hefny
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