Egypt Chooses IFC as Strategic Advisor for Privatization of 11 State-Owned Airports
The Egyptian government has tapped the International Finance Corporation (IFC), a World Bank Group member, as its strategic advisor to introduce public-private partnerships (PPPs) across 11 of the country’s airports. The agreement, signed on March 24, 2025, by Sérgio Pimenta, IFC Vice President for Africa, Dr. Sameh El-Hefny, Minister of Civil Aviation, and Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, in the presence of Prime Minister Mostafa Madbouly, aims to modernize infrastructure, enhance connectivity, and elevate passenger services.
