Egyptian Prime Minister Mustafa Madbouly recently took a strategic decision by ordering the Minister of Aviation, Sameh al-Hanfy, to privatize the management of all airports in Egypt. This announcement marks a major turning point in the country’s airport policy and raises many questions about the implications of this decision.
During a meeting with a group of investors, the Prime Minister stressed that current global changes represent a challenge for long-term planning. This statement highlights the need to adapt national economic and trade policies to international developments to ensure the country’s competitiveness on the world stage.
Madbouly also expressed his interest in hearing the visions of national investors regarding short-term plans, stressing the importance of the participation of all economic actors in decision-making. This inclusive approach aims to ensure effective implementation of reforms and foster the sustainable development of the aviation sector in Egypt.
By stating that the government supports the private sector and will withdraw from some projects in line with the State Ownership Document, the Prime Minister made clear his desire to strengthen public-private partnership to boost economic growth. This privatization strategy is part of a broader perspective of modernizing and optimizing the country’s airport infrastructure.
Finally, Madbouly announced that a plan to reimburse export charges has been approved and will be detailed next week. This program aimed at facilitating trade and supporting Egyptian exports will be spread over a period of two to three years, thus providing financial support to local companies in an uncertain global economic context.
In conclusion, the decision to privatize the management of airports in Egypt reflects the government’s desire to adopt structural reforms to strengthen the country’s competitiveness on the international stage. This change of direction marks a new era for the aviation sector in Egypt, paving the way for long-term growth and economic development opportunities.