{"id":562489,"date":"2021-05-26T04:01:03","date_gmt":"2021-05-26T04:01:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/saudis-rsgt-has-over-usd-1-5-bn-to-invest-in-ports-and-egypt-is-on-the-short-list\/"},"modified":"2021-05-26T04:01:03","modified_gmt":"2021-05-26T04:01:03","slug":"saudis-rsgt-has-over-usd-1-5-bn-to-invest-in-ports-and-egypt-is-on-the-short-list","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/saudis-rsgt-has-over-usd-1-5-bn-to-invest-in-ports-and-egypt-is-on-the-short-list\/","title":{"rendered":"Saudi\u2019s RSGT has over USD 1.5 bn to invest in ports, and Egypt is on the short list"},"content":{"rendered":"

<\/a> Could Egypt be in line for a slice of investments from a Saudi port operator?<\/strong> Red Sea Gateway Terminal (RSGT) \u2014 in which Saudi Arabia\u2019s Public Investment Fund and Cosco Shipping Ports together hold a 40% stake<\/a> \u2014 is planning to invest in three or more ports in Africa and the Middle East over the next five years, CEO Jens Floe tells Bloomberg<\/a>. Each investment is expected to total up to USD 500 mn.<\/p>\n

While Floe did not specify the countries RSGT is eyeing, he said that part of the port operator\u2019s \u201cstrategy will be geared toward supporting the kingdom\u2019s food security plan,\u201d<\/strong> noting that many of Saudi\u2019s policy strategies mesh well with the company\u2019s own plans. \u201cWe have a focus on ports in Sudan and Egypt. They weren\u2019t picked for that reason, but they happen to be significant countries for Saudi Arabia\u2019s food security strategy,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Could Egypt be in line for a slice of investments from a Saudi port operator? Red Sea Gateway Terminal (RSGT) \u2014 in which Saudi Arabia\u2019s Public Investment Fund and Cosco Shipping Ports together hold a 40% stake \u2014 is planning to invest in three or more ports in Africa and the Middle East over the […]<\/p>\n","protected":false},"author":1,"featured_media":562490,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[72,7111,125,219],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-infrastructure","tag-investment-watch","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"f3340405-50b3-4926-827d-540ecf73d9a5","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/5\/230.jpg","photo_position":"above","related_issue":[562483],"teaser":"","voice_url":""},"yoast_head":"\nSaudi\u2019s RSGT has over USD 1.5 bn to invest in ports, and Egypt is on the short list - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/saudis-rsgt-has-over-usd-1-5-bn-to-invest-in-ports-and-egypt-is-on-the-short-list\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi\u2019s RSGT has over USD 1.5 bn to invest in ports, and Egypt is on the short list\" \/>\n<meta property=\"og:description\" content=\"Could Egypt be in line for a slice of investments from a Saudi port operator? 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The fund\u2019s mandate will focus on \u201cpriority sectors\u201d including tourism,\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/199.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572649,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/saudi-health-fund-raises-usd-108-5-mn-to-invest-in-healthcare-in-egypt-and-morocco\/","url_meta":{"origin":562489,"position":1},"title":"Saudi health fund raises USD 108.5 mn to invest in healthcare in Egypt and Morocco","author":"enterpriseam admin","date":"5 July 2020","format":false,"excerpt":"INVESTMENT WATCH- IFC, France and Denmark give Saudi\u2019s Humania USD 108.5 mn to invest in healthcare in Egypt, Morocco: The International Finance Corporation, France\u2019s Proparco and the Danish Investment Fund for Developing Countries are providing a USD 108.5 mn equity financing package to Saudi healthcare investment fund Humania to establish\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/15.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548744,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/21\/sczone-dp-world-sokhna-partner-up-for-new-logistics-service-zone\/","url_meta":{"origin":562489,"position":2},"title":"SCZone, DP World Sokhna partner up for new logistics service zone","author":"enterpriseam admin","date":"21 August 2022","format":false,"excerpt":"A new logistics zone in Sokhna: The Suez Canal Economic Zone\u2019s (SCZone) Main Development Company (MDC) and DP World Sokhna have signed an agreement to build a USD 80 mn logistics zone at Sokhna Port, a statementby the SCZone read.The details: Construction on the first phase of the zone will\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/331.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602024,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/17\/saudis-globe-eyes-damietta-port-as-egypt-entry-point\/","url_meta":{"origin":562489,"position":3},"title":"Saudi\u2019s Globe eyes Damietta Port as Egypt entry point","author":"enterpriseam admin","date":"17 March 2019","format":false,"excerpt":"Saudi logistics service provider Globe Group is eyeing Damietta Port as its entry point into Egypt, the Damietta Ports Authority (DPA) said in a statement following a meeting between a delegation of senior executives from Globe and the DPA. The delegation is particularly interested in usufruct rights to manage and\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596626,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/03\/saudis-andalusia-aims-to-invest-egp-1-bn-in-new-egypt-hospitals\/","url_meta":{"origin":562489,"position":4},"title":"Saudi\u2019s Andalusia aims to invest EGP 1 bn in new Egypt hospitals","author":"enterpriseam admin","date":"3 July 2019","format":false,"excerpt":"INVESTMENT WATCH- Saudi\u2019s Andalusia for Medical Services plans to invest EGP 1 bn in building two hospitals in Egypt, CEO Hazem Zagzoug told Prime Minister Mostafa Madbouly yesterday, according to a Cabinet statement. The company is currently working on buying two land plots from the New Urban Communities Authority (NUCA),\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548560,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/14\/foreign-companies-could-invest-usd-1-3-bn-in-egypts-ports\/","url_meta":{"origin":562489,"position":5},"title":"Foreign companies could invest USD 1.3 bn in Egypt\u2019s ports","author":"enterpriseam admin","date":"14 August 2022","format":false,"excerpt":"Egyptian ports could see more than USD 1 bn in foreign investment as international companies look to expand capacity and capitalize on Egypt\u2019s position as a strategic trading route. Under agreements signed Thursday with Hutchison Ports and AP Moller-Maersk, as much as USD 1.3 bn could be invested in the\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/233.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=562489"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562489\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/562483"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/562490"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=562489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=562489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=562489"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=562489"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=562489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}