Egypt to offer all airports to be managed by private sector: Madbouly ...Egypt

Egyptian Prime Minister Moustafa Madbouly announced that he ordered Minister of Aviation Sameh al-Hanfy to privatize the management of all airports in Egypt.

During a meeting with a group of investors, he said that global changes represent a challenge to long-term planning. The Prime Minister indicated that he looks forward to hearing the visions of national investors regarding short-term plans, noting that he actively seeks input from all groups. Madbouly added that the government supports the private sector and will exit from a number of projects as part of the state ownership policy document. He concluded by confirming that a plan to refund export burdens has been approved and will be announced in detail next week, to be paid over a period of two to three years. Edited translation from Al-Masry Al-Youm

Egypt to offer all airports to be managed by private sector: Madbouly Egypt Independent.

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