Egypt's privatisation push has delivered 21 transactions worth $6 billion across 11 sectors to date, Prime Minister Moustafa Madbouly said during a high-level meeting Monday to assess the state share sale programme's progress and outline next steps. Top officials including Central Bank of Egypt (CBE) Governor Hassan Abdalla, Finance Minister Ahmed Kouchouk, Planning Minister Rania Al-Mashat, and representatives from the Sovereign Fund of Egypt (TSFE) and the International Finance Corporation (IFC) attended the meeting, held in the country's new administrative capital. Prime Minister Madbouly reiterated Egypt's commitment to sustaining the state asset sale programme, which is central to the government's broader reform agenda aimed at attracting foreign investment, deepening capital markets, and expanding the private sector's role in the economy. "The programme is a cornerstone of Egypt's State Ownership Policy and reflects our intention to ensure competitive neutrality, improve governance of state-owned assets, and unlock their full value," Prime Minister Madbouly said. The IFC, acting as the government's strategic advisor, has worked with officials to develop a framework for identifying and preparing state assets for divestment. The meeting also touched on plans to outsource the management and operation of several airports, as Egypt looks to bring private capital into key infrastructure sectors. Cabinet spokesman Mohamed El-Hammasy said the discussion included upcoming offerings and sectoral priorities, underscoring the importance of international technical support to enhance transparency and operational efficiency across state-owned enterprises. Privatisation remains a central pillar of Egypt's economic reform efforts, with authorities aiming to scale back the state's commercial footprint and create a more competitive, investor-friendly business environment. Attribution: Amwal Al Ghad English
