Baker McKenzie: Hutchison Ports awarded new concessions in Egypt
Hutchison Ports, a renowned port investor, developer, and operator, has been advised by global law firm Baker McKenzie on two new concessions in Egypt, in addition to related shareholding arrangements. The investment, which amounts to approximately USD 700 million, will include the development of a new container terminal in Ain Sokhna Port, with a 1.7 million TEUs capacity, and the development of B100, a new container terminal in Port of Alexandria. These two projects bring Hutchison Ports’ total investment in Egypt to over USD 1.5 billion, marking a significant milestone in the company’s strategy to enhance its capabilities in emerging markets.
The container terminal at Ain Sokhna Port will be equipped with state-of-the-art technology and equipment, ensuring reliable and efficient services to customers. Meanwhile, the development of B100 will serve as a gateway to the Egyptian market. The completion of the project is subject to customary conditions.
Baker McKenzie’s team, led by London Corporate Partners Richard Blunt and Susie Davies, together with Cairo Partners Lamyaa Gadelhak and Hani Nassef (both pictured above), advised Hutchison Ports on this venture. The team included Matthew Gamble, Senior Associate, Lesley–Anne Wilson, and Julie Chemla, Associates from London, as well as Keith Jones, Partner, and Anthony Gamble, Senior Associate, from the Antitrust team in London. Noureldin Elhayatmy, Associate from the BM Cairo, also supported the team.
This strategic move will strengthen Hutchison Ports’ presence in the region, while creating significant economic growth and development opportunities for Egypt.