Hutchison Ports has signed two new concessions for container terminals with the Egyptian Government, one in Ain Sokhna Port and the other in El Dekheila Port.
In Sokhna CMA CGM and COSCO Shipping Ports are partners in the project and in El Dekheila Terminal Investment Limited, the terminal arm of MSC is involved.
Abu El Dekheila is west of Alexandria. Ain Sokhna Port is south of the existing Sokhna Port on the Red Sea Coast.
Total investment for the two projects, covering the early phases of development, is put at US$700 million.
These concessions follow on from Hutchison signing, in 2020, a long-term agreement with the Egyptian Navy for the development and operation of a new container terminal at Abu Qir. The total investment for this new terminal is estimated to reach $730m.
The terminal will be located inside the Abu Qir Naval Base where it has natural protection and will be connected to a new two-way highway, with three traffic lanes on each side, linking to Alexandria and the national road network. To be developed in phases, the terminal will, on full build-out, possess an annual throughput capacity of two million TEU.
