Commercial operations officially began at Red Sea Container Terminal I at Ain Sokhna Port on Thursday, marked by the arrival of the vessel CMA CGM Iron from Beirut with 13k containers. The facility — operated by a global consortium of Hong Kong-based Hutchison Ports, France’s CMA CGM, and China’s Cosco Shipping — launched trial operations last month.

What’s next? The USD 1.6 bn investment moves north in 2027, when a second terminal at Dekheila Port in Alexandria comes online, courtesy of a Hutchison Ports-MSC consortium.

Rixos commits to its first project in the capital

Rixos Hotels will take over the management and redevelopment of the Cairo World Trade Center, marking the brand’s first foray into the capital, according to a cabinet statement. The project will include a 176-key hotel and 188 serviced residences, along with retail spaces and lifestyle amenities to be launched through 2027 and 2028.

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