Ain Sokhna & Alexandria Ports Get USD 700M Investment from Hong Kong
Two of Egypt’s most important ports have just received fresh investments to develop new container terminals.
Hutchison Ports, a Hong Kong-based port operator, has invested USD 700 million in two key Egyptian ports: Ain Sokhna Port in the Red Sea, and the Port of Alexandria. This investment brings Hutchison Ports’ total investment in Egypt to more than USD 1.6 billion so far.
The investment will include the development of a new container terminal in Ain Sokhna Port with a capacity of 1.7 million twenty-foot equivalent units (TEUs), as well as B100, a new container terminal in the Port of Alexandria. Ain Sokhna has emerged as a key industrial and logistical centre at the southern point of the Suez Canal, while the Alexandria port has served as one of the world’s most pivotal ports for much of its history.
- Previous Article Will Smith Spotted in Saudi Arabia for World’s Biggest Camel Race
- Next Article 929 is the Hotspot Keeping Heliopolis Residents Caffinated