Helmy, Hamza & Partners, Baker McKenzie Cairo office alongside Baker McKenzie, London and other offices, have advised Hutchison Ports, the world’s leading port network, on two new concessions in Egypt for the development of a new container terminal in Ain Sokhna Port and B100 new container terminal in Dekheila Port in Alexandria.
The total investment of the two projects is approximately USD 700 million, bringing Hutchison Ports’ total investment in Egypt to over USD 1.5 billion and paving a solid foundation for the company’s strategy to expand its network and enhance its capabilities in emerging markets.
The Concessions were published as laws in the Official Gazette and effectiveness is subject to the satisfaction of conditions customary in similar projects.
Commenting on the deal, Lamyaa Gadelhak, Partner and Co-head of Projects & Banking at Helmy, Hamza & Partners, Baker McKenzie Cairo said: "We are delighted to have advised our long-standing client again on, not one but two, strategically important projects in Egypt which were handled simulteanously and signed on the same day". Further, Hani Nassef, M&A Partner at Helmy, Hamza & Partners, Baker McKenzie Cairo, added: "This transaction further demonstrates the strength of our cross-border and cross-practice collaboration, which leverages our deep local expertise and global know-how. We look forward to continuing to support our client with their legal requirements as and when needed."
The Cairo team that has negotiated the concessions was led by partners Lamyaa Gadelhak and Hani Nassef with senior associate Ingy Elkady and associate Noureldin Elhayatmy (Baker McKenzie Cairo). The Cairo team has also worked with the wider team handling cross-jurisdictional matters led by partners Richard Blunt and Susie Davies (Baker McKenzie London) with support provided by Antitrust partner Keith Jones (London), senior associate Matthew Gamble (London), associate Lesley-Anne Wilson (London), associate Julie Chemla (London) and Antitrust senior associate Anthony Gamble (London).
