Cairo: Prime Minister Mostafa Madbouly announced that various state bodies are actively monitoring the steps related to the implementation of the Initial Public Offering (IPO) program, specifically concerning the management and operation of Egyptian airports.

According to State Information Service Egypt, this initiative aligns with the government’s commitment to executing the State Ownership Policy Document, with an emphasis on bolstering the private sector’s role and expanding its participation in economic activities. Madbouly’s comments were made during a recent meeting aimed at reviewing the progress of privatizing Egyptian airports.

The meeting, held on Thursday, March 6, 2025, included key figures such as Minister of Civil Aviation Sameh el Hefny, Permanent Secretary of the Ministry of Civil Aviation Amani Metwally, Chairman of the Egyptian Holding Company for Airports and Air Navigation Ayman Arab, and a delegation from Vinci Concessions’ business development sector.

During the discussions, the prime minister directed attendees to continue examining studies conducted by the International Finance Corporation. These studies are crucial for the upcoming phase of offering the management and operation of Egyptian airports to private entities, marking a significant step in the government’s privatization efforts.