Hutchison Ports and Egyptian Navy to build new box terminal

Hutchison Ports, a leading terminal operator, has announced the signing of a long-term agreement with the Egyptian Navy on the development and operation of a new container terminal in Abu Qir, Egypt.

The total investment in the new terminal, which will be located inside the Abu Qir Naval Base, at the northern end of the Suez Canal, is naturally sheltered by the Abu Qir peninsula, is estimated to be US$730 million. The terminal will offer short detours for vessels operating on the Asia to Europe...

https://container-news.com/hutchison-ports-and-egyptian-navy-to-build-new-box-terminal/