Hutchison Ports Unveils New Deal

Hutchison Ports deal

Egypt has signed a memorandum of understanding (MoU) with Hutchison Ports to build a container terminal in Egypt’s port of Abu Qir.

Hutchison Ports currently operates in 51 ports across 27 countries in the  world handling 11% of the global marine cargo trade. It operates two ports in Egypt – Alexandria and El Dekheila, both located on the Mediterranean Sea.

Exclusive Paper: The Difference Between and Value of Public Versus Private Blockchain

The MoU was signed during a meeting in Cairo attended by Egyptian President Abdel-Fattah al-Sisi, commander of the Egyptian naval forces Ahmed Khaled, Hutchison Ports Group Managing Director Eric S.C. Ip and Hutchison Ports Executive Director Clemence Cheng. 

Ip also announced that the company will train more than 1,500 Egyptian engineers and workers for various jobs on construction of the terminal.

He added that the company’s investment in Abu Qir port is an opportunity grabbed from the improved investment climate and infrastructure development efforts by the Egyptian government.

According to the company, once all phases of the project are completed, the terminal will be able to handle up to 1 million containers annually.

Read More:

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.