New terminal to boost Egypt
Hutchinson Ports (HPH) has signed a memorandum of understanding (MoU) to build a container terminal in Egypt’s port of Abu Qir.
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 announced the deal after a meeting in the Egyptian capital Cairo.
HPH is one of the world’s biggest terminal operators and currently operates in 51 ports across 27 countries.
This means it handles around 11% of the global marine cargo trade.
HPH already operates two ports in Egypt, Alexandria and El Dekheila.
According to reports, once all phases of the project are complete, the terminal will be able to handle up to 1 million containers annually.