Riad Logistics Co., Ltd. shed light on the challenges and opportunities of investment in the “Bloomberg Doha” Conference

Riad Logistics Limited shed light on the challenges and opportunities of investment in the “Bloomberg Doha” Conference

Marwan Elaraby, Managing Director of the castle and an expert on investment, reviewing investment quo Africa and market Egyptian climate, in a seminar with the participation of the famous American investor Wilbur Rosastdavc the Qatari capital Doha Bloomberg Bloomberg Conference Doha Conference with the participation of a group of CEOs, asset managers and prominent investors and policy makers in the region, including Marwan Elaraby, Managing Director of the castle, a leader in Africa and the Middle East investment company with an investment value of 9.5 billion US dollars, with a focus on 10 investment companies distributed on five strategic sectors of energy, transport and logistics, agriculture and food industries, mining, cement and construction.
The aim of the conference, which extended its activities over on 8 and 9 April to review and discuss the major challenges and issues facing those in charge of managing investment funds in the tangled environment step towards globalization at a rapid pace.

Speaking at a seminar entitled “Investing: A View from the top” with the US investor Wilbur Ross, known for outstanding success in restructuring troubled companies around the world, Marwan Elaraby said that the African markets represent the pillars of growth for long-term investments the firm.

Arab and pointed out that the firm’s investments in the north and east of the African continent reflects the company’s belief in the usefulness of attractive investment opportunities in these markets, where the company’s investments seek to achieve the greatest benefit from the features attractive fundamentals enjoyed by the region’s economies from a macro perspective, such as the liberalization of the energy sector, and to increase demand for the establishment and development of infrastructure projects, and rapid population growth.

Asked about the competition with many Chinese companies operating in Africa markets, and the impact on Citadel Investments, the Arab confirmed that the castle does not prefer to invest in the huge oil and natural gas sector projects, making them immune to compete with Chinese companies, but on the contrary, the Chinese companies that operate in Africa opens up new horizons for investments such as the castle Rift Valley Railways company, which is the national rail network in Kenya, Uganda and intended to facilitate the cargo handled at the port of Mombasa, Kenya movement.

It should be noted that the firm is playing a pivotal role in lowering the transport of goods and consumer goods costs in the East African region through its investment in Rift Valley Railways, aged 100 years and represents the link between the port of Mombasa, overlooking the Indian Ocean, Kenya, and Uganda’s capital Kampala, Inc. , passing through the interior areas in Kenya and Uganda.

In another comment on the intensification of the political situation in Egypt and the devaluation of the Egyptian pound, the Arab confirmed that Citadel Capital investments did not experience any significant impact from the devaluation of the pound, as most of the company’s investments are recorded revenue in US dollars, and added that the curriculum investment company focusing on export industries and other of sectors that benefit one way or another from the liberalization of the energy sector, as well as attractive investment opportunities outside the Egyptian market.

Arab and added that the current period characterized by some of the challenges posed by the new government measures to control the movement of capital, such as, for example, restrictions on cash transfers, which make it difficult for the castle transfer of money to finance the import of seeds for agricultural projects shipments in southern Sudan.

He predicted the Arab continuation of some of the challenges in the face of the Egyptian market for the foreseeable future, including high unemployment rates and continued pressure on the local currency, high inflation rates, but the current scene, according to the Arabic, has within it a number of investment opportunities is unprecedented.