Egypt’s Transport Minister Kamel El Wazir on Tuesday stressed the need to deepen cooperation with the private sector in implementing transport-related projects, as a ministry-affiliated company posted strong financial growth.
El Wazir's remarks came during the general assembly meeting of MOT for Investment and Development, which reviewed financial results for the fiscal year ending December 2025.
El Wazir praised the company’s performance, saying improved revenues were helping ease pressure on the state budget. He called for further expansion of advertising activities and the development of investment systems across entities affiliated with the Transport Ministry to enhance private sector participation.
He also urged a strategic approach to business development, including better utilization of human resources to sustain revenue growth.
On his part, Chairman Essam El Kholy said the company’s revenues rose to 3.7 billion Egyptian pounds ($XX million) in 2025, up from 1.9 billion pounds in 2024, driven primarily by growth in advertising and asset management activities.
The meeting reviewed several strategic projects, including the Happy Land Towers in Mansoura, part of the Tahya Misr Mansoura development, aimed at boosting urban expansion and increasing the value of state-owned assets.
El Kholy further noted that logistics and commercial ventures remain key pillars in the company’s strategy to diversify income streams and strengthen financial sustainability.
The results highlighted the company’s expanding role in maximizing returns on assets owned by Transport Ministry entities, supporting broader state efforts to increase non-tax revenues and encourage private investment.
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