By Paolo Romero
Philippine Star
A top Kuwaiti investor and the Philippine government are in talks for a possible $1.2-billion project to put up an aviation city in Clark, Pampanga, Malacañang said yesterday.
Press Secretary Cerge Remonde said Mrs. Arroyo met briefly with Kuwaiti billionaire Sheikh Nasser Al-Kharafi in Marsa Alam, Egypt where the construction magnate expressed interest in putting up an aviation facility in Clark.
Mrs. Arroyo made the stop-over to Marsa Alam on her way to Cairo, Egypt where she was to meet with Egyptian President Hosni Mubarak last night. The Egyptian holiday area is the site of the Marsa Alam International Airport constructed by Al-Kharafi Group.
From Cairo, she and the rest of the Philippine delegation will proceed to Damascus, Syria for a state visit. She will meet with Syrian Bashar Al-Assad and address the Syrian People’s Assembly.
“We are here in investments mission. (Mrs. Arroyo) was able to speak with Sheik Al-Kharafi, one of the biggest financiers in the Middle East,†Remonde, who accompanied the President, told the government-owned dzRB.
“He is interested to invest and develop an aviation city in the Clark area,†he said.
He said the Al-Kharafi Group will start negotiations with the Clark International Airport Corp. for a possible $1.2-billion joint venture for an airport and an “aviation city.†The group has an estimated net worth of $14 billion.
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