Hutchison signs up for another Egyptian terminal

Hutchison signs up for another Egyptian terminal

Hutchison Ports signed a memorandum of understanding yesterday in front of the Egyptian president Abdel-Fattah al-Sisi to establish a container terminal in Egypt’s port of Abu Qir.

The 1m teu facility will be built on the Mediterranean, a few kilometres northeast of the country’s second city, Alexandria, where Hutchison already has a concession.

Under al-Sisi, Egypt has been trying hard to get overseas firms to invest in maritime infrastructure across the country.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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