Canadian player CBH is interested in our infrastructure: Canadian holding company Canada Business Holdings (CBH) submitted a letter of intent to the Madbouly government outlining its interest in investing in strategic infrastructure projects in Egypt, according to a statement (pdf). CBH is particularly interested in seaport development, marine tourism, and infrastructure for manufacturing food for export.

We have an idea what CBH may have up its sleeves: CBH wants to set up a USD 15 bn integrated logistics, industrial, and residential project in Safaga, consultant TransCap’s Ahmed Hamouda told Al Mal last month. The project will be developed over a 10-year period in multiple phases, with the first phase costing nearly USD 3 bn. The project will be carried out through a public-private partnership for an extendable 55-year period, after which it will be offered up on the stock exchange, Hamouda added.

The details: The project will include a container port with a capacity to handle 3 mn containers annually, an industrial zone which will process, package, and export agricultural products, and a residential city featuring a shopping center, hotels, schools, a university, and a hospital that can house 80k individuals. All in all, the project will provide 50k jobs, Hamouda said.

TransCap? CBH has tapped technical and economic consultancy TransCap to act as the financial advisor for the project, Hamouda told Al Mal.

About CBH: CBH is a Canadian project development and investment firm that invests, builds, and manages large-scale projects through PPPs, according to its website. The Canadian firm operates across several fields, including infrastructure, energy, logistics hubs, and sustainable development.

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