Power International Holding Bids for Ethiopia Airport as It Eyes 400-Km Congo Highway
Updated
Updated · Bloomberg · May 18
Power International Holding Bids for Ethiopia Airport as It Eyes 400-Km Congo Highway
1 articles · Updated · Bloomberg · May 18
Power International Holding is pursuing two major African projects: a bid for Ethiopia’s new airport and interest in a 400-kilometer highway in the Democratic Republic of Congo.
UCC Holding CEO Boyd Merrett said the moves are part of the Qatari group’s push to expand its footprint across the continent.
The closely held company is owned by brothers Moutaz and Ramez Al-Khayyat, the Syrian-born Qatari billionaire family behind the infrastructure drive.
The twin pursuits signal PIH’s focus on large transport projects as it seeks a bigger role in African infrastructure development.
Is a Qatari giant's expansion into Africa and Syria a business strategy or a calculated move for geopolitical influence?
Can a $21B airport bid in Ethiopia succeed while displacing 15,000 indigenous people and facing financing hurdles?