Alexandria International Container Terminals (AICT), Egypt.
In April 2008, MENA Infrastructure acquired a significant minority stake in Alexandria International Container Terminals SAE (AICT).
AICT had been awarded a long-term concession for developing, operating and managing two container terminals at Alexandria and Dekheila ports on the Mediterranean coast of Egypt. It had commenced operations in May 2007.
AICT is part of Hutchison Port Holdings’ (“HPH”) global container port network. HPH is the world’s largest container terminal operator with c.50 terminals in 25 countries. The terminals are ideally positioned to capture European, Mediterranean and American trade, and benefit from a substantial and well-connected hinterland. In its operating history, AICT has established itself as the preferred terminal operator by achieving high levels of operating efficiency and customer satisfaction. Traffic has grown steadily, proving the resilience of infrastructure as an asset class.
In February 2016, MENA Infrastructure successfully divested its stake in AICT to HPH.