{"id":668164,"date":"2025-07-10T00:00:00","date_gmt":"2025-07-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/10\/madbouly-addresses-privatization-delays-during-latest-presser\/"},"modified":"2025-07-10T00:00:00","modified_gmt":"2025-07-10T00:00:00","slug":"madbouly-addresses-privatization-delays-during-latest-presser","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/10\/madbouly-addresses-privatization-delays-during-latest-presser\/","title":{"rendered":"Madbouly addresses privatization delays during latest presser"},"content":{"rendered":"

Madbouly touches on IMF reviews, Ramses fire, and Old Rent Law during latest presser: <\/strong>Prime Minister Moustafa Madbouly held his weekly presser (watch, runtime: 1:15:02<\/a>) last night, where he covered the delayed fifth review of our IMF program, the Ramses fire, and the recently-passed amendments to the Old Rent Law. <\/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

#1-<\/strong> The reason behind our delayed fifth review: <\/strong>The IMF decided to merge its fifth and sixth reviews of our USD 8 bn extended facility after we fell short on privatization targets due to regional geopolitical tensions, Madbouly said. Egypt met all other IMF program targets \u2014 including the primary surplus, FX reserves, currency flexibility, and limiting public spending \u2014 apart from divestment. <\/p>\n

REMEMBER- <\/strong>The IMF will combine<\/a> the fifth and sixth reviews of our USD 8 bn Extended Fund Facility Arrangement, IMF Communications Director Julie Kozack said last week. A combined review also means a delayed review, which the Fund now expects to take place in the fall \u2014 along with the USD 1.3 bn tranche that the government had been expecting to land in state coffers this month.<\/p>\n

Why haven\u2019t our divestment targets been met? <\/strong>\u201cThere was a specific amount of offerings we had aimed to complete by now. However, due to geopolitical tension in the region and its impact on the investment climate, we decided that moving forward with offerings at the moment would not achieve their fair value,\u201d Madbouly said. \u201cThe priority is not merely meeting targets but ensuring that the state\u2019s assets are utilized to their fullest potential and securing their fair value for Egypt.\u201d<\/p>\n

#2- Implementing the changes to the Old Rent Law: <\/strong>The cabinet held its first meeting to discuss implementing the amended Old Rent Law, according to Madbouly. The Housing Ministry is working on the mechanisms to protect current tenants. A unified electronic platform will launch within a month to register tenant data to gauge the need for state housing \u2014 tenants will have three months to register. <\/p>\n

ICYMI- <\/strong>The House gave its final approval<\/a> to the controversial amendments to overhaul decades-old rent law earlier this month. The law sets a seven-year transitional period for residential units and five years for non-residential units rented by individuals. After the transition, tenants must vacate the property, with all old rent regulations scrapped at the end of the period.<\/p>\n

#3-<\/strong> No plans to sell Rameses Central:<\/strong> Madbouly dismissed rumors that the government plans to sell off the Ramses data center after it caught fire earlier this week. <\/p>\n

#4- Reducing road accidents is a priority:<\/strong> Despite Egypt ranking 18 globally when it comes to road quality, accident rates remain above global averages, Madbouly said. The cabinet has tasked relevant ministries with preparing an executive plan to reduce national road accident rates below global averages. <\/p>\n

ICYMI- <\/strong>Road safety has been high on the state\u2019s agenda after two fatal crashes<\/a> that claimed the lives of 28 people triggered public anger over road conditions.<\/p>\n

#5- Ethiopia wants to resume GERD discussions:<\/strong> Madbouly confirmed that Ethiopia wants to resume negotiations over the Grand Ethiopian Renaissance Dam (GERD). \u201cWe asked them to sign a document that turns recent statements into a written commitment,\u201d he said. <\/p>\n

#6- Xi could visit Egypt later this year:<\/strong> Egypt is looking forward to a potential visit from Chinese President Xi Jinping later this year. \u201cOne of the goals of the Chinese Premier\u2019s current visit is to prepare for this important visit,\u201d he said. <\/p>\n","protected":false},"excerpt":{"rendered":"

The PM blamed geopolitical tension for privatization delays<\/p>\n","protected":false},"author":1,"featured_media":668165,"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":[8507],"tags":[7106,72,410,272,7111,180,281,100],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-668164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-policy","tag-debt","tag-enterpriseam","tag-gerd","tag-imf","tag-infrastructure","tag-legislation","tag-moustafa-madbouly","tag-policy","wpautop","entry"],"acf":{"mongo_id":"c6b56cee-073d-4253-8618-3180245d7d7b","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/7\/609.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Madbouly 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airwaves last night: Business leaders gave their reactions to the state\u2019s strategy to raise private investment and sell-off state assets (covered in depth in this morning\u2019s news well, above), while Planning Minister Hala El Said appeared to answer questions\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590014,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/12\/privatization-dominates-the-airwaves\/","url_meta":{"origin":668164,"position":1},"title":"Privatization dominates the airwaves","author":"enterpriseam admin","date":"12 July 2023","format":false,"excerpt":"Could news of state asset sales improve our reputation among credit rating firms?","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/452.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543775,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/17\/9-economic-growth-hedging-wheat-and-privatization-get-air-time-in-pms-presser\/","url_meta":{"origin":668164,"position":2},"title":"9% economic growth, hedging wheat, and privatization get air time in PM\u2019s presser","author":"enterpriseam admin","date":"17 February 2022","format":false,"excerpt":"Egypt\u2019s economy grew at a 9% clip in 1H2021-2022, with 8.3% growth during the second quarter of the current fiscal year, Prime Minister Moustafa Madbouly said at a presser yesterday (watch, runtime: 1:09:38). By comparison, our GDP growth came in at 1.3% in 1H2020-2021, Planning Minister Hala El Said said,\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/240.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549629,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/govt-finalizes-state-ownership-policy-document\/","url_meta":{"origin":668164,"position":3},"title":"Gov\u2019t finalizes state ownership policy document","author":"enterpriseam admin","date":"25 September 2022","format":false,"excerpt":"The gov\u2019t has dotted the i\u2019s and crossed the t\u2019s on its state ownership policy: The Madbouly government has finalized its state ownership policy ahead of the economic conference that\u2019s being planned for the end of this month, Prime Minister Moustafa Madbouly said Thursday. The document is the product of\u2026","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\/2022\/9\/366.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":653901,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/24\/madbouly-gives-the-latest-news-on-egypts-program-with-the-imf\/","url_meta":{"origin":668164,"position":4},"title":"Madbouly gives the latest news on Egypt\u2019s program with the IMF","author":"enterpriseam admin","date":"24 October 2024","format":false,"excerpt":"The timeline and targets of the IMF-stipulated reforms are being reviewed","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2111.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":654747,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/07\/government-to-unveil-revamped-privatization-program-before-december\/","url_meta":{"origin":668164,"position":5},"title":"Government to unveil revamped privatization program before December","author":"enterpriseam admin","date":"7 November 2024","format":false,"excerpt":"PLUS- The EGP is a \u201ctruly flexible\u201d currency","rel":"","context":"In "Policy"","block_context":{"text":"Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/614.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\/668164","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=668164"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/668164\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/668154"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/668165"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=668164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=668164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=668164"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=668164"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=668164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}