Billionaire Qatari Family Bids for Ethiopian Airport, Congo Road

Power International Holding, owned by the Qatari billionaire Al-Khayyat family, is going after mega African infrastructure deals to help expand its footprint on the continent.

The closely-held group owned by Moutaz and Ramez Al-Khayyat, originally from Syria, is bidding for Ethiopia’s new airport and is eyeing a 400-kilometer (250-mile) highway project in the Democratic Republic of Congo, according to Boyd Merrett, group chief executive officer of UCC Holding, a unit of PIH.