The Egyptian government expects to finalize an agreement with the International Finance Corporation (IFC) before mid-March to offer the management of 11 airports to the private sector.

The National Wages Council (NWC) has decided to raise the minimum wage for private sector workers to EGP 7,000, effective March 1st.

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDB), has signed the 2025 Country Work Program for Egypt.

The Ministry of Planning and Economic Development and International Cooperation has signed a memorandum of understanding (MoU) with the European Bank for Reconstruction and Development (EBRD) to enhance cooperation in implementing public-private partnership (PPP) projects.

Private investments represented 63% of total implemented investments during the first quarter (Q1) of the current fiscal year (FY) 2024/2025.

Prime Minister Mostafa Madbouly has declared a decision to form six specialized advisory committees to enhance communication channels between the government and the private sector.

Egypt's National Wages Council (NWC) is considering an increase ranging between 16% and 20%, valued at around EGP 1,000 to EGP 2,000, in the minimum wage for private sector workers.

The private sector investments in the Egyptian market exceeded expectations in the financial year (FY) 2023/2024, reaching EGP 700 billion, with an annual growth rate of 5.3%.

Prime Minister Moustafa Madbouly held a meeting with prominent figures from the local private sector to discuss pressing challenges and explore avenues for greater collaboration between the state and private enterprises in the coming years.

The Egyptian Ministry of Education has submitted a list of 24 plots of land in 12 governorates to the Public-Private Partnership (PPP) Unit at the Ministry of Finance for potential educational projects.

The Egyptian government is planning to launch two initiatives to support promising activities in the private sector, Minister of Finance Ahmed Kouchouk revealed during the opening session of the sixth annual Hapi Conference held on December 9th.

International financial institutions invested approximately $890 million in Egypt’s private sector in November, the Ministry of Planning and Economic Development and International Cooperation announced.

Vice President for Africa of the International Finance Corporation (IFC) Sérgio Pimenta is visiting Egypt on November 24th.

President Abdel Fattah El-Sisi met with B?rge Brende, President of the World Economic Forum, and his accompanying delegation to discuss Egypt’s development efforts, with a focus on major projects in infrastructure, industry, and agriculture.

Egypt is set to establish three new shipyards in the Suez and Red Sea governorates in partnership with the private sector.

The Nile Fund for Industrial Investment, affiliated with the national initiative of Ebda, and the Sovereign Fund of Egypt’s (TSFE) industrial sub-fund are eying collaboration on forming companies focused on locally manufacturing imported production supplies.

The first phase of the government’s plan to lure private investors to develop, manage, and operate Egyptian airports will offer up five airports.

The International Finance Corporation (IFC) has submitted a technical study and a proposed timeline to the Egyptian government to offer the management and operation of 20 airports, including four new ones, to the private sector.

The Egyptian government invested EGP 19.8 billion in public-private partnerships (PPPs) during the elapsed fiscal year (FY) 2023/2024.