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Article: Private sector invests heavily in river transportation.
- Article from:
- Daily News Egypt (Egypt)
- Article date:
- September 13, 2009
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CAIRO: For many years, theAa Nile River has been Egypt's main vein, acting as a source of water, food and even leisure. However, soon the Nile will play another pivotal role for Egyptians as the private sector shows interest in investing in river transportation.
Citadel Capital, one of the leading private equity firms in Egypt and MENA region, founded Greenfield projects in 2008 that will develop a comprehensive transportation and logistics network using the Nile River.
The National River Transport Company (NRTC) and the National River Port Management Company (NRPMC) are two Citadel Capital platform companies with a committed capital of $80 million.
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