Citadel eyes $4 bln investment in Egypt over three yrs

CAIRO, Oct 9 (Reuters) - Egyptian private equity firmCitadel Capital plans to invest $4 billion or more inEgypt over the next three years and has an eye on infrastructureand energy-related projects, its chairman said on Tuesday.

Citadel, which focuses on the Middle East and Africa, hasalready invested $4 billion in Egypt since January 2011, when anuprising erupted that toppled President Hosni Mubarak, thecompany's chairman and founder, Ahmed Heikal, said.

"I met a number of government officials and we think we areready to invest a significant amount of money, probably higherthan the $4 billion over the next three years," he told abusiness conference in Cairo, organised by Euromoney.

"We identified a number of opportunities in the energyefficiency, infrastructure sphere," he said.

The firm secured $3.7 billion in financing for an Egyptianpetroleum refinery project in June and said it is also lookingat potential refining deals in sub-Saharan Africa, includinginvesting in a $2.5 billion oil refinery project in Uganda.

(Reporting by Asma Alsharif; Editing by David Holmes)


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