8 January 2015       Download

Qalaa Holdings (CCAP.CA on the Egyptian Exchange), an African leader in infrastructure and industry, will sponsor the Egyptian-Kenyan Business Forum, set to take place in Kenya on 13 January 2015. The forum will be held in conjunction with the sixth round of the Kenyan-Egyptian Joint Committee Conference, which will see the participation of a large Egyptian delegation led by Egypt’s Foreign Minister, Sameh Shokri.

Sponsoring and participating in this landmark event is in keeping with Qalaa Holdings’ fundamental belief in the prominence of Africa and in furtherance of the private sector’s pivotal role in fostering stronger ties between Egypt and its continental partners. Furthermore, the company views the forum as a crucial endeavor in promoting greater investments in the continent.

Commenting on the event, foreign minister Shokri affirmed the depth and strength of Egyptian-Kenyan bilateral relations, and highlighted the significance of the Kenyan Egyptian Joint Committee in both strengthening existing ties between the two countries and in expanding the benefits of both countries’ memberships in COMESA.

For his part, Karim Sadek, Managing Director at Qalaa Holdings said, “The importance of participating in the forum lies in its function as a conduit of cooperation between Egypt and Kenya. The success of the forum will rely on leveraging Qalaa Holdings’ vast experience in infrastructure development and energy related mega projects across the continent.”

He went on to cite examples of these strategic projects which include Qalaa Holdings’ overhaul and management of a key Kenyan-Ugandan railway network with an investment of US$ 287 million and its construction and operation of a US$ 3.7 billion refinery in Egypt, a crucial national project aimed at covering Egypt’s supply gap of fuel while mitigating the harmful environmental impact of the fuel industry in Greater Cairo.