IFC: Egyptian Airports Tender Plan Main Points Agreed upon with Gov't

PM Mostafa Madbouly met Sunday at the government headquarters in the New Administrative Capital with Sergio Pimenta, Vice President of the International Finance Corporation (IFC) for Africa, and Cheikh Omar Sylla, Regional Director of the International Finance Corporation for North Africa to follow up on the latest developments in the implementation of the airports sector offering program, and future steps in this regard.

At the beginning of the meeting, the Prime Minister confirmed that the government is continuing to implement IPO programs, and there is a periodic follow-up of the developments related to the offerings in various sectors, including the airports sector, in which the Egyptian government cooperates with the IFC, the government's strategic advisor for implementing the offering program.

Madbouly said that today's meeting comes to follow up on the latest developments in the consultations related to the airports offering plan that are taking place between the Ministries of Civil Aviation and Planning, Economic Development and International Cooperation, and IFC officials.

The Prime Minister expressed his aspiration to announce soon positive news regarding the airport tender plan in cooperation with the International Finance Corporation, stressing that this will have a very good impact on the market.

In turn, Pimenta confirmed that significant and important progress has been made in the ongoing consultations with the Egyptian government regarding the airport tender plan, as most of the plan’s axes have been agreed upon.

He also reviewed the efforts of the International Finance Corporation and its role in supporting the private sector in Egypt, stressing that the Corporation is keen to increase the value of the private sector support portfolio in a number of different fields, including tourism, sustainability, small and medium enterprises, financial inclusion, improving energy and water efficiency, and reducing carbon emissions.