Hutchison Ports’ Development Agreement with Egyptian Navy

Baker McKenzie advised Hutchison Ports on the deal.

Hutchison Ports signed a deal agreement with Egyptian Navy to develop and operate a new container terminal in Abu Qir, Egypt. The total investment value in developing the new terminal is estimated to reach US$ 730 million.

Under the terms of this long-term agreement, the greenfield project will be funded primarily by a joint investment of the two partners in phases, with a handling capacity of 2.0 million TEU upon completion.

Hutchison Port Holdings Ltd. provides diversified marine services and offers port operation, logistics, cargo handling, container transportation, ship maintenance, and cruise terminal services.

The Baker McKenzie Cairo team was led by Managing Partner Mohamed Ghannam (Picture) and Partner Lamyaa Gadelhak, supported by Senior Associate Sameh Dahroug and Associate Mohamed Rasekh. They were assisted by Equity Partner Neil Donoghue and Senior Associate Tania Arora from London office.

Involved fees earner: Tania Arora – Baker McKenzie; Sameh Dahroug – Baker McKenzie; Neil Donoghue – Baker McKenzie; Lamyaa Gadelhak – Baker McKenzie; Mohamed Ghannam – Baker McKenzie; Mohamed Rasekh – Baker McKenzie;

Law Firms: Baker McKenzie;

Clients: Hutchison Ports ;

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Author: Andrea Canobbio