“Quite a few of the wider government strategies, like food security, lend themselves very well to our strategy,” Floe said. “We have a focus on ports in Sudan and Egypt. They weren’t picked for that reason, but they happen to be significant countries for Saudi Arabia’s food security strategy.”

-Jens Floe, CEO of Red Sea Gateway Terminal, in comments to Bloomberg. Red Sea Gateway Terminal is looking to invest in ports in Africa and the Middle East, following backing from the kingdom’s sovereign wealth fund. [Bloomberg.com]