Global port operator Hutchison Ports has announced an investment of around $700m in two port projects in Egypt.
The projects will be located at the Ain Sokhna Port and the Port of Alexandria. With the latest concessions, the company’s total investment in the country will reach more than $1.5bn.
Hutchison Ports will use part of the investment to develop a new container terminal in Ain Sokhna Port.
With a capacity of 1.7 million twenty-foot equivalent units (TEUs), the new terminal will feature...
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