{"id":653906,"date":"2024-10-24T00:00:00","date_gmt":"2024-10-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/24\/private-investors-to-manage-five-major-egyptian-airports-in-the-first-phase-of-privatization-plans\/"},"modified":"2024-10-24T00:00:00","modified_gmt":"2024-10-24T00:00:00","slug":"private-investors-to-manage-five-major-egyptian-airports-in-the-first-phase-of-privatization-plans","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/24\/private-investors-to-manage-five-major-egyptian-airports-in-the-first-phase-of-privatization-plans\/","title":{"rendered":"Private investors to manage five major Egyptian airports in the first phase of privatization plans"},"content":{"rendered":"

Five major airports slated for first phase of private sector offerings:<\/strong> The first phase of the government\u2019s plan to bring private investors to develop, manage, and operate Egyptian airports will offer up five airports, Al Arabiya<\/a> reported, citing unnamed sources it says are close to the matter. The sources named the airports as Cairo International Airport, Sphinx International Airport, El Alamein International Airport, Sharm El Sheikh International Airport, and Hurghada International Airport.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

Luxor, Aswan airports to follow in later phases:<\/strong> The Madbouly government also plans to hand over management of Luxor and Aswan airports to private sector operators in subsequent phases, with plans to develop Aswan International Airport into a hub for sub-Saharan African flights, one of the sources said.<\/p>\n

Private sector to run operations, not own assets:<\/strong> The sources reiterated Civil Aviation Minister Sameh Elhefny\u2019s remarks<\/a> that the airports are not for sale and remain under the sovereignty of the Egyptian state. Instead, the offering involves the management and operation of the commercial activities within the airports.<\/p>\n

The offerings could lead to more Egypt-bound flights:<\/strong> Having international operators run Egyptian airports could encourage major carriers to launch direct flights to Egypt from the US, Europe, and East Asia, one source told the outlet. Currently, US flights to Egypt often stop over in Europe or Turkey, while East Asian carriers only operate indirect routes to the country. The move is expected to boost both tourism from new markets and air cargo volumes. <\/p>\n

The timeline:<\/strong> Unnamed sources told Al Borsa<\/a> that it will take an average of 16 months to weigh between the technical and financial offers submitted by private investors to develop, manage, and operate the airports on the government\u2019s privatization checklist.<\/p>\n

Private players are already lining up:<\/strong> Elhefny said last week that six international companies had shown interest<\/a> in managing and operating our airports. Elhefny met with a delegation from Greek infrastructure investment company Copelouzos Group last week<\/a> to discuss potential joint projects to develop, manage, and operate airports in the country.<\/p>\n

Is this the big news we were told to lo<\/strong>ok out for?<\/strong> We\u2019ve been on the lookout for airport privatization news since Prime Minister Moustafa Madbouly said earlier this month<\/a> that some \u201cimportant\u201d updates regarding our plans to privatize airports and banks would be announced soon. The Madbouly government first revealed in November 2023<\/a> that it planned to invite private sector players \u2014 including foreign companies \u2014 to take over the management of airports<\/a> in the country.<\/p>\n

AND- A new airport in the works? <\/strong>One of Al Arabiya\u2019s sources said that the government is mulling over plans to build a new airport to serve the new capital, while positioning Sphinx International Airport \u2014 which is close to the Giza Pyramids and the soon-to-officially-open Grand Egyptian Museum<\/a> \u2014 to cater to low-cost and charter flights. The proposed airport would be the second serving the new capital in addition to the already existing Capital International Airport.<\/p>\n","protected":false},"excerpt":{"rendered":"

The airports will remain under the sovereignty of the Egyptian state<\/p>\n","protected":false},"author":1,"featured_media":653907,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7321],"tags":[528,72,7111,81,587],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-653906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-privatization-watch","tag-aviation","tag-enterpriseam","tag-infrastructure","tag-privatization-watch","tag-state-privatization-program","wpautop","entry"],"acf":{"mongo_id":"7874a4be-3ea6-4270-a4ba-8b3ee2e39b1d","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2109.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Private investors to manage five major Egyptian airports in the first phase of privatization plans","related_issue":[653896],"teaser":"The airports will remain under the sovereignty of the Egyptian state","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.ec92bddd-4f9a-4e82-a4d9-efcb539b22fb.mp3"},"yoast_head":"\nPrivate investors to manage five major Egyptian airports in the first phase of privatization plans - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/24\/private-investors-to-manage-five-major-egyptian-airports-in-the-first-phase-of-privatization-plans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private investors to manage five major Egyptian airports in the first phase of 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hold a series of workshops with the government to flesh out the proposal\u2019s details","rel":"","context":"In "PRIVITISATION WATCH"","block_context":{"text":"PRIVITISATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/privitisation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/99.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":653868,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/23\/we-now-have-a-list-of-the-first-five-airports-to-be-offered-for-operation-management-by-private-players\/","url_meta":{"origin":653906,"position":1},"title":"We now have a list of the first five airports to be offered for operation, management by private players","author":"enterpriseam admin","date":"23 October 2024","format":false,"excerpt":"Good afternoon, folks, and a happy almost weekend to you all.THE BIG STORY TODAY Five major airports slated for first phase of private sector offerings: The first phase of the government\u2019s plan to bring private investors to develop, manage, and operate Egyptian airports will offer up five airports, Al Arabiya\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1572.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":663002,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/26\/ifc-unveils-list-of-airports-to-be-developed-through-ppps\/","url_meta":{"origin":653906,"position":2},"title":"IFC unveils list of airports to be developed through PPPs","author":"enterpriseam admin","date":"26 March 2025","format":false,"excerpt":"Cairo International Airport is noticeably missing from the list","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/2096.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":662923,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/25\/another-step-to-boost-private-sector-involvement-in-our-airports\/","url_meta":{"origin":653906,"position":3},"title":"Another step to boost private sector involvement in our airports","author":"enterpriseam admin","date":"25 March 2025","format":false,"excerpt":"A newly-signed agreement will see the IFC help identify airport projects that can be carried out through public-private partnerships","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1988.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":615973,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/27\/govt-to-launch-international-tender-to-manage-egypts-airports\/","url_meta":{"origin":653906,"position":4},"title":"Gov\u2019t to launch international tender to manage Egypt\u2019s airports","author":"enterpriseam admin","date":"27 February 2024","format":false,"excerpt":"The ministry wants to increase traffic at the Hurghada and Sharm El Sheikh airports to 10 mn passengers this year","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2549.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":662966,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/25\/ifc-unveils-list-of-airports-slated-for-private-sector-involvement\/","url_meta":{"origin":653906,"position":5},"title":"IFC unveils list of airports slated for private sector involvement","author":"enterpriseam admin","date":"25 March 2025","format":false,"excerpt":"Good afternoon, friends, and happy humpday. The news cycle shows no signs of slowing down even as we barrel toward the Eid break. Today we have updates on Beltone\u2019s mega capital increase, a list of 11 airports slated for private investment, and an optimistic outlook on the global economy.THE BIG\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/12.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/653906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=653906"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/653906\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/653896"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/653907"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=653906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=653906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=653906"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=653906"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=653906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}