Egypt’s Qalaa Holdings (formerly Citadel Capital), an African leader in infrastructure and industry, will sponsor the Egyptian-Kenyan Business Forum, which will take place in Kenya next January 13.
The forum will be held in conjunction with the sixth round of the Kenyan-Egyptian Joint Committee Conference, which will see the participation of a large Egyptian delegation led by Egypt’s Foreign Minister, Sameh Shoukry, according to the company’s statement.
In a statement released on Friday, Karim Sadek – Qalaa’s Managing Director – noted that the importance of participating in the forum lies in its function as a conduit of cooperation between Egypt and Kenya.
“The success of the forum will rely on leveraging Qalaa Holdings’ vast experience in infrastructure development and energy related mega projects across the continent,” the Sadek said.
He cited examples of the strategic projects which include Qalaa Holdings’ overhaul and management of a key Kenyan-Ugandan railway network with an investment of US$ 287 million and its construction and operation of a US$ 3.7 billion refinery in Egypt, a crucial national project aimed at covering Egypt’s supply gap of fuel while mitigating the harmful environmental impact of the fuel industry in Greater Cairo.