With the announcement on Thursday, the port division of CK Hutchison Holdings Ltd (0001.HK) will invest around $700 million in two significant Egyptian ports, boosting the company’s overall investment in Egypt to more than $1.5 billion.
Hutchison Ports aims to use the money to build Alexandria’s Mediterranean port’s B100 as well as the new container terminal in Ain Sokhna, which is a port lying along the Red Sea.
Cosco Shipping Ports Ltd will invest $375...