Canadian player CBH eyes investments in Egypt: Canada-based 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.

What we know about investment size: CBH is reportedly planning to plug USD 15 bn into setting up integrated logistics, industrial, and residential projects in Safaga and the Golden Triangle region, Al Mal reported last month. EnterpriseAM was unable to independently confirm or deny the size of the investment ticket with the company.

Who’s involved? CBH has contracted technical and economic consultancy TransCap — which would serve as the financial advisor and approve the necessary approvals for the project, TransCap Chairman Ahmed Abdel-Moghni Hamouda told Al Mal.

The details: CBH is looking to develop a container port with a capacity to handle 3 mn containers annually, an industrial zone that will process, package, and export agricultural products, and a residential city servicing the area and featuring a shopping center, hotels, schools, a university, and a hospital that can house 80k individuals, Hamouda said.

About CBH: CBH is a Canadian private-sector project development and investment firm that invests, operates, and manages large-scale projects through PPPs, according to its website. The Canadian firm operates across several fields, including energy, logistics hubs, smart-city developments, refiners, renewables, and others. The firm is working on several projects across four countries with an investment ticket of USD 23 bn.

Tags: