Egypt’s Minister of Planning, Economic Development and International Cooperation, Dr. Rania Al-Mashat, attended a special trading session at the Egyptian Exchange to mark Egytrans’ acquisition of the National Company for Transport and Offshore Services (NOSCO) and the reduction of the National Investment Bank’s (NIB) stake in Egytrans from 25.5% to 18.3%. The event took place at the historic EGX premises in downtown Cairo in the presence of senior government officials, including the Deputy Prime Minister for Industrial Development, the Ministers of Investment and Supply, the Chairman of the Financial Regulatory Authority and the Chairman of the Egyptian Exchange.
Dr. Al-Mashat said the occasion represents more than a single transaction, noting that it reflects broad structural reforms designed to strengthen the investment climate and support private-sector participation. She explained that Egypt’s transport and logistics sector has undergone significant development since 2014, contributing to growth and improving Egypt’s standing in global competitiveness indicators. She added that an expanding role for the private sector is now visible in national economic performance, with private investment rising to 66% of total investment during the first quarter of the current fiscal year.
The minister described the deal as consistent with the government’s National Program for Structural Reforms, which seeks to improve the business environment and encourage private-sector engagement. She emphasized the central role of the Egyptian Exchange in creating opportunities for private investment, attracting capital and supporting economic diversification.
Dr. Al-Mashat also highlighted the National Investment Bank’s ongoing restructuring, noting that reducing its stake in the new consortium aligns with broader efforts to provide greater space for private enterprise. She commended the work of the bank’s managing director and team for progressing with institutional reforms and maximizing returns on the bank’s assets. She confirmed that financial settlements between the bank and public entities have advanced, with outstanding issues with the National Postal Authority currently being resolved.
The minister stressed that Egypt is entering a phase that requires continued cooperation across institutions to strengthen the investment climate and reinforce competitiveness. She pointed to the improvement in Egypt’s Purchasing Managers’ Index, which rose to 51.1 points in November 2025—the highest reading since October 2020—reflecting stronger demand, lower input costs and rising activity in manufacturing, construction and services.
During the event, Egyptian Exchange Executive Chairman Dr. Islam Azzam honored Dr. Al-Mashat in recognition of her efforts in advancing the restructuring of the National Investment Bank.
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