{"id":635681,"date":"2017-12-11T04:09:41","date_gmt":"2017-12-11T04:09:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/11\/qhs-ahmed-heikal-on-infrastructure-development-in-africa\/"},"modified":"2017-12-11T04:09:41","modified_gmt":"2017-12-11T04:09:41","slug":"qhs-ahmed-heikal-on-infrastructure-development-in-africa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/11\/qhs-ahmed-heikal-on-infrastructure-development-in-africa\/","title":{"rendered":"QH\u2019s Ahmed Heikal on infrastructure development in Africa"},"content":{"rendered":"

Qalaa Holdings Chairman Ahmed Heikal stressed the importance of infrastructure development for Africa <\/strong>in remarks this weekend in Sharm El Sheikh, describing it as the \u201ckey\u201d to unlocking the continent\u2019s \u201csignificant growth potential\u201d and capitalizing on its wealth of strong growth drivers, such as rapid population growth levels and large consumer markets. Speaking in an on-stage interview at the 2017 Africa and the World conference, Heikal said that \u201cinvestors are beginning to realize not only the necessity of infrastructure investments, but also the potential for their high returns<\/strong>.\u201d He explained that in Egypt, which is already beginning to reap the fruits of the government\u2019s \u201cbold economic reform program,\u201d Qalaa Holdings has \u201csuccessfully built 27 businesses from scratch over the past decade by identifying trends in our market and riding them in a way that translates into growth for our companies.\u201d The company has focused on transport and logistical projects, as well as others such as the Egyptian Refining Company. ERC is reportedly set to begin production<\/a> in September 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"

Qalaa Holdings Chairman Ahmed Heikal stressed the importance of infrastructure development for Africa in remarks this weekend in Sharm El Sheikh, describing it as the \u201ckey\u201d to unlocking the continent\u2019s \u201csignificant growth potential\u201d and capitalizing on its wealth of strong growth drivers, such as rapid population growth levels and large consumer markets. Speaking in an […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635681","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1fd84fe0-8168-43f8-a510-3fdf6dbc80f3","order":"0","is_powered_by":true,"section_story_id":"8a3249c6-70bf-45a0-b5c1-217b090ff895","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635666],"teaser":"","voice_url":""},"yoast_head":"\nQH\u2019s Ahmed Heikal on infrastructure development in Africa - 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\/2017\/12\/11\/qhs-ahmed-heikal-on-infrastructure-development-in-africa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"QH\u2019s Ahmed Heikal on infrastructure development in Africa\" \/>\n<meta property=\"og:description\" content=\"Qalaa Holdings Chairman Ahmed Heikal stressed the importance of infrastructure development for Africa in remarks this weekend in Sharm El Sheikh, describing it as the \u201ckey\u201d to unlocking the continent\u2019s \u201csignificant growth potential\u201d and capitalizing on its wealth of strong growth drivers, such as rapid population growth levels and large consumer markets. 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That includes capital earmarked for subsidiary Egyptian Refining Company\u2019s USD 4.3 bn refinery in Mostorod, which is currently around 98% complete,\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":571728,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/heikal-appears-on-egx-talks-to-discuss-how-covid-19-is-impacting-qalaa-holdings\/","url_meta":{"origin":635681,"position":1},"title":"Heikal appears on EGX Talks to discuss how covid-19 is impacting Qalaa Holdings","author":"enterpriseam admin","date":"21 May 2020","format":false,"excerpt":"Ahmed Heikal on EGX Talks: Qalaa chairman Ahmed Heikal sat down for the first installment of the Egyptian Exchange\u2019s EGX Talks Youtube series (watch, runtime: 18:38), which launched to keep retail investors engaged during the pandemic. Among the highlights: \u201cWe are in good shape\u201d: Qalaa\u2019s portfolio is diverse, with 46\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":626465,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/03\/earnings-watch-qalaa-holdings-revenues-rise-48-losses-narrow-54-y-o-y-in-1q2018\/","url_meta":{"origin":635681,"position":2},"title":"Earnings Watch: Qalaa Holdings revenues rise 48%, losses narrow 54% y-o-y in 1Q2018","author":"enterpriseam admin","date":"3 July 2018","format":false,"excerpt":"EARNINGS WATCH- Qalaa Holdings revenues rise 48%, losses narrow 54% y-o-y in 1Q2018: Qalaa Holdings\u2019 revenues rose 48% y-o-y in 1Q2018 to EGP 3.1 bn \u201cdue to stellar performance of its key segments, broad-based economic recovery, and a favorable regulatory environment,\u201d the company said in a regulatory filing (pdf). The\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":637223,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/qalaa-holdings-erc-plans-to-open-refinery-in-september-2018\/","url_meta":{"origin":635681,"position":3},"title":"Qalaa Holdings\u2019 ERC plans to open refinery in September 2018","author":"enterpriseam admin","date":"12 November 2017","format":false,"excerpt":"In other energy news, the Egyptian Refining Company (ERC) is expected to begin operations in September 2018, said Ahmed Heikal, chairman of Qalaa Holdings, which has led the development of the megaproject and which holds a 19% stake in the facility. The USD 3.7 bn plant in Mastorod, which hopes\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":622593,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/qalaa-could-list-taqa-erc-in-4q2019-says-heikal\/","url_meta":{"origin":635681,"position":4},"title":"Qalaa could list TAQA, ERC in 4Q2019, says Heikal","author":"enterpriseam admin","date":"8 October 2018","format":false,"excerpt":"** #3 IPO WATCH- Qalaa could list TAQA, ERC in 4Q2019, says Heikal: The reasonable assumption on a date for the listing of Qalaa Holdings\u2019 TAQA Arabia and the parent company of the Egyptian Refining Company (ERC) should be 4Q2019, market conditions permitting, said Qalaa Holdings Founder and Chairman Ahmed\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\/2018\/10\/1009.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594134,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/21\/qalaa-holdings-to-ipo-taqa-arabia-arab-refining-company-next-year\/","url_meta":{"origin":635681,"position":5},"title":"Qalaa Holdings to IPO TAQA Arabia, Arab Refining Company next year","author":"enterpriseam admin","date":"21 October 2019","format":false,"excerpt":"IPO WATCH- Qalaa Holdings to kick off four-year IPO program next year by listing shares of TAQA Arabia, ARC: Qalaa Holdings is planning to move ahead with the IPO of several of its subsidiaries next year, with IPO of TAQA Arabia scheduled to take place in 2Q 2020 and the\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\/2019\/8\/EGX-1600px.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\/635681","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=635681"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/635681\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/635666"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=635681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=635681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=635681"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=635681"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=635681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}