Greater ChinaPorts and Logistics
Hutchison Ports to develop new container terminal in Egypt
Hong Kong-based port operator Hutchison Ports has entered into an agreement with the Egyptian Navy to develop and operate a new container terminal in Egypt.
The new terminal will be located inside the Abu Qir Naval Base and has a designed capacity of 2m teu per year once all phases of the project are completed.
The total investment in the new terminal is estimated to reach $730m.
Hutchison Ports currently operates two ports in Egypt, Alexandria and El Dekheila, both located on the Mediterranean Sea.