Dhaka, April 1 -- Egypt's airport sector is set for increased private sector participation following a new agreement with the International Finance Corp. The deal aims to modernize infrastructure, boost capacity, and attract foreign investment.

Prime Minister Mostafa Madbouly oversaw the signing ceremony at Egypt's new administrative capital, where Planning Minister Rania Al-Mashat, Civil Aviation Minister Sameh Al-Hefny, and IFC Vice President for Africa Sergio Pimenta formalized the agreement.

The agreement builds on Egypt's ongoing partnership with the World Bank's private sector arm, extending advisory services that support the country's privatization efforts.

"The agreement signed today ... is an extension to strengthen cooperatio...