The National River Port Management Company hires new CEO

Michael J. Power comes to NRPMC with a wealth of expertise after an impressive 36 year career in port management, development and logistics in the United Kingdom, the Bahamas and Mexico. As the former Head of Business Development for Hutchison Port Holdings (HPH) Europe, the world's leading port investor, developer and operator, Power was responsible for leading business development in Ireland, Spain, Italy, Albania, Montenegro, Georgia and Turkey.

"We are pleased to welcome Power to NRPMC. Private sector involvement in port development is relatively new in the MENA region,"

said Hisham El-Khazindar, Managing Director and Co-Founder of Citadel Capital, the Middle East and North Africa's leading private equity firm with more than $8.3bn in investments under control.

"Power's international experience in this regard will be of high value to the company as we develop our ports in Egypt and Sudan."

Prior to the business development position with HPH, Power was Executive Director of HPH Mexico for seven years, during which time he orchestrated the acquisition of four operating companies and oversaw a wide range of functions that included government relations and market development.

Power has also served as head of research and development and manager of planning and systems for the Port of Flexistowe, the largest container port in the UK and one of the largest in Europe.

NRPMC is currently developing three ports on Egypt's navigable waterways: Cairo South in Tebbin, Cairo North in Imbaba and a third facility in Alexandria. The company is completing civil works and acquiring equipment for the Tebbin port.

NRPMC will strategically target opportunities to acquire new ports to be tendered by the Egyptian River Transport Authority.

Power studied at Southampton University, the London School of Navigation and Lowestoft Maritime College.