{"id":574082,"date":"2020-08-30T04:01:41","date_gmt":"2020-08-30T04:01:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/hutchison-ports-signs-usd-730-mn-agreement-with-navy-to-construct-abu-qir-container-terminal\/"},"modified":"2020-08-30T04:01:41","modified_gmt":"2020-08-30T04:01:41","slug":"hutchison-ports-signs-usd-730-mn-agreement-with-navy-to-construct-abu-qir-container-terminal","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/hutchison-ports-signs-usd-730-mn-agreement-with-navy-to-construct-abu-qir-container-terminal\/","title":{"rendered":"Hutchison Ports signs USD 730 mn agreement with navy to construct Abu Qir container terminal"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Hutchison Ports has signed a USD 730 mn agreement with <\/strong>the Egyptian Navy <\/strong>to build and operate a container terminal in Abu Qir <\/strong>naval base in Alexandria, according to a Hutchison statement<\/a>. The terminal will be financed primarily by a joint venture between Hong Kong-based Hutchison and the Egyptian Navy; it will be capable of handling mega vessels and have a maximum capacity of 2 mn twenty-foot equivalent units (TEU) with a 60 hectare terminal yard once the project is complete. Connection through a new two-way highway that will link the terminal to Alexandria and Cairo is also expected upon completion of the project.<\/p>\n

Construction on the first phase of the terminal will begin in 2022<\/strong> and a long term concession period of 38 years has been set for the project. The Navy and Hutchison had first signed an MoU on the terminal last year<\/a> which at the time had suggested that Hutchison would train more than 1.5k Egyptian engineers and workers to run the port and that it would intake some 1 mn containers each year after the project is completed.<\/p>\n

Advisors:<\/strong> Eldib Advocates acted as legal advisors for the Egyptian Navy and Baker McKenzie provided legal advice for Hutchison Ports.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Hutchison Ports has signed a USD 730 mn agreement with the Egyptian Navy to build and operate a container terminal in Abu Qir naval base in Alexandria, according to a Hutchison statement. The terminal will be financed primarily by a joint venture between Hong Kong-based Hutchison and the Egyptian Navy; it will be […]<\/p>\n","protected":false},"author":1,"featured_media":574083,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[548,5777,5778,72,5779,2244,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-abu-qir-fertilizers","tag-abu-qir-naval-base","tag-ahmed-khaled-said","tag-enterpriseam","tag-eric-ip","tag-hutchison-ports","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1e9f876d-5b5e-4755-a042-e918438ee90d","is_powered_by":true,"section_story_id":"8ec78293-bc83-4e6e-805f-c0469283922c","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/8\/236.jpg","photo_position":"above","related_issue":[574069],"teaser":"","voice_url":""},"yoast_head":"\nHutchison Ports signs USD 730 mn agreement with navy to construct Abu Qir container terminal - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/hutchison-ports-signs-usd-730-mn-agreement-with-navy-to-construct-abu-qir-container-terminal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hutchison Ports signs USD 730 mn agreement with navy to construct Abu Qir container terminal\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Hutchison Ports has signed a USD 730 mn agreement with the Egyptian Navy to build and operate a container terminal in Abu Qir naval base in Alexandria, according to a Hutchison statement. 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The Chinese company will train more than 1.5k Egyptian engineers and workers to carry out the different roles required at the port. The port is expected\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":582730,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/16\/govt-signs-usd-1-6-bn-agreements-with-intl-firms-to-develop-sokhna-dekheila-ports\/","url_meta":{"origin":574082,"position":1},"title":"Gov\u2019t signs USD 1.6 bn agreements with int\u2019l firms to develop Sokhna + Dekheila ports","author":"enterpriseam admin","date":"16 March 2023","format":false,"excerpt":"The two terminals will almost triple the ports\u2019 combined capacities","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/rsz_2023-01-05t134314z_1661669528_rc2cky9pw7ja_rtrmadp_3_ukraine-crisis-cmacgm-russia.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548560,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/14\/foreign-companies-could-invest-usd-1-3-bn-in-egypts-ports\/","url_meta":{"origin":574082,"position":2},"title":"Foreign companies could invest USD 1.3 bn in Egypt\u2019s ports","author":"enterpriseam admin","date":"14 August 2022","format":false,"excerpt":"Egyptian ports could see more than USD 1 bn in foreign investment as international companies look to expand capacity and capitalize on Egypt\u2019s position as a strategic trading route. Under agreements signed Thursday with Hutchison Ports and AP Moller-Maersk, as much as USD 1.3 bn could be invested in the\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/233.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":640418,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/26\/three-terminals-to-be-handed-over-to-operators-by-year-end\/","url_meta":{"origin":574082,"position":3},"title":"Three terminals to be handed over to operators by year end","author":"enterpriseam admin","date":"26 August 2024","format":false,"excerpt":"Five companies are hoping to secure the contract to manage and operate Alexandria Port\u2019s passenger terminal","rel":"","context":"In "Logistics"","block_context":{"text":"Logistics","link":"https:\/\/enterpriseam.com\/egypt\/category\/logistics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2158.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":681622,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/18\/of-red-sea-container-terminals-and-rixos-in-cairo-2\/","url_meta":{"origin":574082,"position":4},"title":"Of Red Sea container terminals and Rixos in cairo","author":"enterpriseam admin","date":"18 January 2026","format":false,"excerpt":"The redevelopment of Cairo World Trade Center will be Rixos\u2019 first project in the capital city","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/565.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625023,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/25\/edison-qalaa-scrap-plans-for-usd-150-mn-power-plant-in-abu-qir\/","url_meta":{"origin":574082,"position":5},"title":"Edison, Qalaa scrap plans for USD 150 mn power plant in Abu Qir","author":"enterpriseam admin","date":"25 September 2018","format":false,"excerpt":"Edison, Qalaa scrap plans for USD 150 mn power plant in Abu Qir: Edison and Qalaa Holdings have decided to scrap their plan to build a USD 150 mn combined cycle power plant in Abu Qir after determining that the project would not be financially feasible with current power tariffs,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/574082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=574082"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/574082\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/574069"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/574083"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=574082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=574082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=574082"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=574082"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=574082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}