Egypt Daily News – Counselor Mohamed Al-Homsani, spokesman for the Presidency of the Cabinet, said that the government’s approval to contract with an international financing institution to offer management and operation of Egyptian airports in partnership with the private sector, is limited to management and operation only and not actually selling the airports.
He added, that the aim of this step is to benefit from the expertise of the private sector in management and operation, with the aim of developing services at Egyptian airports, improving the tourist experience, and attracting more incoming tourism in the coming years.
He stressed that the state seeks to support the tourism sector by doubling the number of available tourist rooms, by supporting investors and providing them with the necessary capabilities, in addition to developing the historic Cairo area and the area surrounding the Grand Egyptian Museum.
He pointed out that the state paid most of its foreign debt obligations during the year 2024 at a value of $38.7 billion, stressing that this figure reflects the size of the burdens on the one hand, and on the other hand it shows the state’s commitment to paying its foreign debts, and also represents a testimony of confidence in Egypt’s ability to face any economic challenges.
