{"id":33034,"date":"2023-03-17T04:16:36","date_gmt":"2023-03-17T01:16:36","guid":{"rendered":"https:\/\/www.al-sindbad.net\/ck-hutchison-to-invest-700m-in-two-major-egyptian-ports\/33034\/"},"modified":"2023-03-17T04:16:36","modified_gmt":"2023-03-17T01:16:36","slug":"ck-hutchison-to-invest-700m-in-two-major-egyptian-ports","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/ck-hutchison-to-invest-700m-in-two-major-egyptian-ports\/33034\/","title":{"rendered":"CK Hutchison to Invest $700M in Two Major Egyptian Ports"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"meta\">\n<span class=\"\" itemprop=\"author\">Reuters<\/span><br \/>\n<meta itemprop=\"datePublished\" content=\"2023-03-16T06:46:34.0000000\"\/><br \/>\n<span class=\"date\">March 16, 2023<\/span><br \/>\n<meta itemprop=\"dateModified\" content=\"2023-03-16T06:46:34.0000000\"\/>\n<\/p>\n<div class=\"images-wrapper single\">\n<div class=\"images\">\n<div class=\"image active\">\n<\/p>\n<p>\nSunset at Ain Sokhna Port at Suez Gulf in Egypt &#8211; \u00a9bleung\/AdobeStock\n<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div property=\"articleBody\">\n<p>CK Hutchison Holdings port unit said on Thursday it would invest about $700 million in two major Egyptian ports, bringing its total investment in the country to more than $1.5 billion.<\/p>\n<p>Hutchison Ports said it would invest in the development of a new container terminal in the Red Sea port of Ain Sokhna, and in B100, a new container terminal in the Mediterranean port of Alexandria.<\/p>\n<p>In a separate statement, Cosco Shipping Ports Limited said it would invest 25% in the Sokhna New Container Terminal &#8211; a new terminal built by the Egyptian government.<\/p>\n<p>The operating period for the project is 30 years, and the total investment is about $375 million, the company said. The throughput capacity after completion will reach 1.7 million TEUs.\u00a0<\/p>\n<p><em>\u00a0(Reuters &#8211; Reporting by Nilutpal Timsina and Bernard Orr; Editing by Subhranshu Sahu and Muralikumar Anantharaman)<\/em><\/p>\n<\/div>\n<\/div>\n<p>maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters March 16, 2023 Sunset at Ain Sokhna Port at Suez Gulf in Egypt &#8211; \u00a9bleung\/AdobeStock CK Hutchison Holdings port unit said on Thursday it would invest about $700 million in two major Egyptian ports, bringing its total investment in the country to more than $1.5 billion. Hutchison Ports said it would invest in the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":33035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-33034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/33034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=33034"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/33034\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/33035"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=33034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=33034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=33034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}