Egypt eyes EGP 6B in sports investments during 2025
Updated 4/8/2025 2:49:00 PM
Arab Finance: Egypt seeks to attract up to EGP 6 billion in sports-related investments this year, Minister of Youth and Sports Ashraf Sobhi told Asharq Business.
He confirmed that the ministry is coordinating with the Egyptian Exchange (EGX) to support the listing of sports companies in the near term.
Sobhi, speaking at an event on the sidelines of the Voice of Egypt Summit, said a sports services platform has been launched to encourage private sector investment and the establishment of new sports companies across the country.
He also revealed that the government is studying amendments to current sports investment laws.
These include changes to regulations that currently bar club board members from investing in football companies affiliated with their clubs.
The proposed changes aim to open the door for greater private sector involvement and expand investment channels.
From 2019 to 2024, the sports sector attracted EGP 54 billion in investments, Sobhi stated, EGP 30 billion of which came from the public sector and EGP 24 billion from private investors.
Looking ahead, the ministry is working to boost Egypt’s hosting of international and regional sporting events.
Sobhi noted that the number of sports events held in Egypt reached around 266 in 2023 and expects the local sports market to grow to $510 million in 2032.
The government is also targeting increasing in the contribution of sports companies to gross domestic product (GDP) from the current 1.3% to 3%.
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