citadel

Post Arab Spring Dealmaking in Egypt

by

November 29, 2012

Egypt is in private equity news this week as a Cairo-based PE firm Citadel Capital teams up with Qatar-based investors in a bid to supply ten percent of the domestic Egyptian market., according to Arabian Business news.

 

Citadel announced that the joint venture will be 51 percent owned by Qatari investors and investment bank QInvest. It would build and own facilities needed for a floating gas storage and regasification unit to deliver natural gas to high-volume end-users from the middle of next year.  It is Citadel’s second deal of this kind in Egypt as the country’s new government reforms its gas and energy policies.

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