Citadel invests in river ports in Egypt

Egypt's Citadel Capital has said it has invested EGP1bn ($183m) in three Nile river ports and plans to invest in two more in the country, the daily al-Mal reported. Alwataniya for Rivier Ports Management, a subsidiary of the private equity firm, inaugurated the Tanash river port in northern Cairo. The firm is also eyeing investments in Sudanese river ports, and plans to link its port network to Juba in southern Sudan from Egypt's northern seaport city of Alexandria within the next four or five years. The country's transport minister, Alaa Fahmy said the government will tender several river ports as part of its plan to encourage investment by the private sector.