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Qalaa Holdings invests $287m in Rift Valley railways

Qalaa Holdings invests $287m in Rift Valley railways
Photo Credit: Arabianeye-Reuters
Qalaa Holding
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Cairo-Mubahser:Qalaa Holdings, an African leader in infrastructure and industry, said its investments in Rift Valley railways(RVR) reached $126 million since 2012 and until now.

Qalaa Holdings will allocate investments totaling $287 to the project.

"The company aims to accelerate the pace of work in Rift Valley to reach more achievements by 2016," said Karim Sadek, Managing Director and Head of Transportation and Logistics at Qalaa Holdings.  

RVR is Qalaa Holdings’ primary investment in the African transportation sector, with a 25-year concession to operate 2,352 km of track linking the Indian Ocean Port of Mombasa to the interiors of Kenya, the Ugandan capital Kampala and the northern part of Uganda.