Hong Kong-based Hutchison Ports is embarking on a significant $700 million investment in Egypt, aimed at transforming key maritime facilities, particularly Ain Sokhna Port and the Port of Alexandria. At Ain Sokhna, Hutchison Ports plans to construct a new container terminal designed to handle an impressive capacity of 1.7 million TEUs (twenty-foot equivalent units). This terminal will not only enhance the port's ability to accommodate larger volumes of cargo but also improve turnaround times and overall efficiency, making it a vital hub for trade in the Red Sea region. In addition to the developments at Ain Sokhna, Hutchison Ports is also focusing on expanding the Port of Alexandria. The new container terminal planned for this historic port will further bolster Egypt’s strategic position as a key player in Mediterranean trade routes. By improving infrastructure and increasing capacity at both locations, Hutchison Ports aims to attract more shipping lines and facilitate a greater flow of goods in and out of Egypt. This investment aligns with Egypt's broader economic objectives, which include boosting trade, creating jobs, and enhancing the country's logistics and transportation networks. It also reflects Hutchison Ports' commitment to expanding its global footprint and supporting regions with growing trade demands. Overall, this initiative is expected to significantly impact Egypt’s economy by strengthening its logistics capabilities and promoting international trade.