Qatar Investment Authority in talks for stakes in Alexandria Containers, Eastern Company
The Qatar Investment Authority is negotiating with the Egyptian government for stakes in the Alexandria Container & Cargo Handling Company and the Eastern Company, sources close to the matter revealed to Daily News Egypt.
The authority aims to take 10 to 20% of the shares owned by the Holding Company for Maritime and Land Transport, which currently amounts to about 35%.
The deals are expected to be implemented by the end of this week.
The sources added that Emir of Qatar Tamim bin Hamad Al-Thani is also expected to visit Egypt sometime in the next few weeks, after which, investments worth $20 billion will be announced, some of which will be pumped into estates and green energy projects, in addition to memoranda of understanding.
The sources indicated that the agency is also interested in investing in a number of non-government-owned companies, especially Cairo Investments.
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