Egypt, the world's biggest wheat importer, said on Sunday it was looking to use Georgia's Poti port for shipments of Kazakh wheat once the port is upgraded to receive Panamax ships carrying shipments of 55-60,000 tonnes.
Nomani Nomani, vic
The United Arab Emirates' Rakia has sold control of the Georgian Black Sea port of Poti to APM Terminals, a unit of Denmark's A.P Moller-Maersk, a Georgian official said on Monday.
"APM Terminals became a major investor in Poti port," Geor
Ras Al Khaimah Investment Authority (Rakia), the sovereign wealth fund of the emirate, plans an initial public offering for its port of Poti project in Georgia for 2011, its chief executive officer said.
'We will go for an IPO def
Surrounded by oil and gas but endowed with neither, the emirate of Ras Al Khaimah in the UAE is focused on building a regional manufacturing hub with little financing from debt capital markets.
Khater Massaad, the c
Georgia has sold the remaining 49 per cent of its Black Sea port of Poti to Ras Al Khaimah Investment Authority (Rakia) for $65 million, its deputy minister Vakhtang Lezhava said.
'Now RAK Investment owns all the shares in the por
Georgia has agreed to sell control of the Black Sea port of Poti to RAK Investment Authority of the UAE for $90 million, an economy ministry spokeswoman said.
RAK Investment would spend a further $200 million to $300 million developing a f