24.08.2022
Artikel Nummer: 41725
Hutchison Ports banks on Egypt
The Egyptian government and Hutchison Ports recently enhanced their cooperation by initialling agreements for two new concessions to operate container terminals in Ain Sokhna Port and El Dekheila Port. Marking the event, an initialling ceremony was hosted by Mostafa Madbouly, prime minister of Egypt and Kamel Al-Wazir, minister of transport.
Representatives from CMA CGM, Cosco Shipping Ports and Terminal Investment Limited (TIL) and Clemence Cheng, managing director Europe of Hutchison Ports also attended the event.
Hutchison Ports is investing approximately USD 700 million in the initial operations of the two projects, bringing its total investment in Egypt to over USD 1.5 billion, as the company stated in a press release. (sh)