Beltone and Kenana establish a new agriculture company to invest in Egypt and Sudan |
|
Share With Members!
With the aim of deploying up to US$ 1 billion Beltone Private Equity and Kenana Sugar CompanyKenana Sugar Company
have signed a partnership agreement to create a strong, resourceful company with the aim of deploying up to US$ 1 billion in large-scale agriculture projects across Egypt and SudanMr. Hazem Barakat, CEO of Beltone Private Equity, said that Beltone would provide extensive investment management, corporate finance, as well as strategic capabilities.
On other the hand, KenanaKenana will support the venture through its Superior technical know-how and operational expertise," said Mr. Mohamed El Mardi CEO of KenanaKenana. He also added that Agriculture plays a vital role in developing countries and it is a major source of income for emerging economies.
-Ends-
About KenanaKenana:
KenanaKenana was established in 1975, is one of the world's largest integrated sugar companies located on the eastern bank of the White Nile. KenanaKenana's farm covers 200,000 feddans of which 165,000 acres are of irrigated rich and alluvial soil and produces 400,000 tons of sugar per year.
About Private Equity:
Beltone Private Equity, a subsidiary of Beltone Partners, was established in early 2006 with a unique vision to combine the investment experience of the founders of Beltone Financial with the industrial experience of Mr. Hazem Barakat, an accomplished Egyptian industrialist with a wealth of experience in diverse industries.
As of end of October 2008, Beltone Private Equity had over E£ 1.5 billion in assets under management in a diverse range of investments. Beltone Private Equity has a team of qualified professionals, whose background ranges from industrial operations to financial services. Our investment philosophy is based on value creation for both investors and portfolio companies.
© Press Release 2009
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Comment on this article 
Loading ...-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Loading ...Stories
Companies
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Zuhair Fayez Partnership Consultants | Saudi Arabia | Construction and Design |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
| Barwa Real Estate Company | Qatar | Landlords and Developers |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Qatar General Electricity and Water Corporation | Qatar | Electric Utilities |
| Abu Dhabi Oil Refining Company | UAE | Oil |
| Ministry of Health - Kuwait | Kuwait | Ministries and Municipalities |
| Mubadala Development Company | UAE | Investment Firms and Funds |
Projects
| Project Name | Country | Sector |
| ENEC - Nuclear Power Plant | UAE | Power and Water |
| Abu Dhabi DOT - Abu Dhabi Metro | UAE | Infrastructure |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| Abu Dhabi Ports Company - Khalifa Port and Industrial Zone (KPIZ) | UAE | Infrastructure |
| Aramco/Dow Chemical - Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex - Phase 1 | UAE | Industry |
| Dubai Racing Club - Meydan City - Meydan Racecourse | UAE | Real Estate |
| Dubai RTA - Dubai Metro | UAE | Infrastructure |
| IGD - Gasco - Habshan 5 Gas Processing Plant | UAE | Oil and Gas |