Consortium starts development of Egypt container terminal

AIN SOKHNA, Egypt — An international consortium has started the development of a new container terminal at Ain Sokhna Port on the Red Sea in northeastern Egypt.

During a ceremony on Saturday, Egyptian Transport Minister Kamel el-Wazir delivered the terminal to the representatives of the consortium comprising China's Hutchison Ports, Chinese state-owned COSCO Shipping and the French shipping company CMA CGM.

The process comes as part of two mid-March agreements signed by Egypt and the consortium on the development and operation of the container terminals at Ain Sokhna Port in Suez Province and Dekheila Port in Alexandria Province.