Civil Aviation Minister Sameh El-Hefny said an agreement with the International Finance Corporation, the government’s strategic adviser, is planned for the second half of February to implement private-sector partnerships in airport operation and management.
Speaking at the ninety-fifth Civil Aviation Day celebration, he said the agreement will lead to studies determining each airport’s offering mechanism and development needs according to traffic levels.
The studies cover technical, financial, legal and service-standard aspects. Cairo International Airport is excluded from the program, whose details will be announced after the IFC agreement is finalized.
El-Hefny said the process will build Egyptian airport expertise and a knowledge base capable of transferring experience to African airports.
Prime Minister Mostafa Madbouly announced in late December that the Cabinet had approved engaging IFC for airport management and operation partnerships. He also proposed private-sector airline ventures through alliances or state partnerships to expand Egypt’s aircraft fleet.
