Bids submitted for $1.4 billion North African port licence

Kuwait’s Al-Mal Investment Co and Montreal-based SNC-Lavalin Group are bidding for Tunisia’s $1.4 billion Enfida port licence. Al-Mal is partnering the world’s largest port operator Hutchison Port Holdings (HPH) in its bid to win the deep-water Enfida port licence. Al-Mal is controlled by the Kuwaiti family-owned conglomerate Kharafi Group, while the SNC-Lavalin Group has been described as one of the world’s ten largest engineering and construction groups. Tunisian officials say the winning bid will be named later this year. The port project would boost North African ports’ share of regional transhipment.