The investment includes the development of a new container terminal in Egypt’s Ain Sokhna Port with a capacity of 1.7 million twenty-foot equivalent units (TEUs). It also includes the development of B100, a new container terminal in the Port of Alexandria.
Hutchison Ports, a subsidiary of Hong Kong-listed CK Hutchison Holdings and an affiliate of Mainboard-listed Hutchison Port Holdings Trust, has invested US$700 million ($945.5 million) into two port projects in Egypt. This brings the global port operator’s total investment in Egypt to over US$1.5 billion.
The move will help pave a solid foundation for the company to expand its network and boost its capabilities in emerging markets, says the company.
