Public-private push: Egypt taps IFC to modernize key airports

Egypt is launching an ambitious plan to modernize 11 airports across the country, partnering with the private sector to boost services and economic returns without burdening the state budget.

The initiative will start with Hurghada International Airport, the country’s second-busiest, which will serve as a pilot project. The goal is to improve airport infrastructure, passenger experience, and operational efficiency.

To support this effort, Egypt is working with the International Finance Corporation (IFC) — the private sector arm of the World Bank. IFC helps governments attract private investment by providing technical and financial advice. In this case, IFC will guide Egypt’s Ministry of Civil Aviation in structuring public-private partnerships (PPPs) for airport development.

Airports set for upgrades include Sharm El-Sheikh, Luxor, Aswan, Borg El Arab, and others. 

IFC will assist in preparing tenders to bring in private operators while the state retains ownership.

The plan aligns with Egypt’s broader strategy to empower the private sector and increase returns from state-owned assets. In 2024, Egyptian airports handled over 50 million passengers.

Authorities hope this new model will help expand capacity while improving services for both domestic and international travelers.