Mystery’ UAE fund to invest up to USD 90 mn in Suez Canal logistics project

INVESTMENT WATCH- ‘Mystery’ UAE fund to invest up to USD 90 mn in Suez Canal logistics project: An as of yet unnamed UAE-based fund is planning to invest USD 70-90 mn on a logistics project in the Suez Canal, said Walid Hegazy, founding partner at Hegazy and Partners, which were hired to advise on the transaction. He told the local press on Thursday the investors have conducted the feasibility study on the project and are awaiting regulatory approvals. The project will look to service ships docking along the Suez Canal’s ports, he noted.