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5 million, which excluded gains from the sale of a 45-percent stake in Sokhna Port Development Company.
Then the Sokhna Port Development Company won the government build-operate-transfer (BOT) concession to upgrade and manage the facility.
Mobarak, as well as being an advisor to the ministers of transport in Egypt and Saudi Arabia--and a member of the advisory group for the international conference on ports and coastal engineering in developing countries--holds the post of senior advisor to the president of Egypt's Sokhna Port Development Company.
It is being developed by the Sokhna Port Development Company (SPDC), which holds a 25-year contract to build and manage the port.