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Original Headline

NRTC Enters Sudanese Market

Publication

MENAFN

Publication Date

7 September 2009

The National River Transportation Company (NRTC), a Platform Company of Citadel Capital, has entered the promising Sudanese market through the purchase of 51% of Keer Marine via Regional Investments Holding. On 14 January 2009 a deal was signed for NRTC to buy 20 river barges and pushers as well as two strategically located pieces of land on which it will build a river port and a storage facility. Hisham El-Khazindar is quoted saying that Citadel Capital’s strategy is to strengthen its position Egypt and then expand in geographically similar regions.