Cairo: The Cabinet's Information and Decision Support Center (IDSC) has refuted reports suggesting that the government plans to sell Egyptian airports as part of the state's Initial Public Offering (IPO) program.
According to State Information Service Egypt, the IDSC clarified that there are no current intentions to include airports in the IPO program. The center emphasized that any information to the contrary is false and likely originated from unofficial sources. The IDSC's statement aims to reassure the public and stakeholders about the government's plans regarding national infrastructure assets.
The government's IPO program is designed to attract investment and boost the economy by offering stakes in state-owned enterprises to private investors. However, airports have not been included in this list, and the IDSC reiterated the government's commitment to maintaining strategic national assets under state ownership.