UPDATE 1-Hutchison Ports to invest $700 mln in two Egyptian ports

(Adds Cosco Shipping details)

March 16 (Reuters) - CK Hutchison Holdings Ltd's port unit said on Thursday it would invest about $700 million in two major Egyptian ports, bringing its total investment in the country to more than $1.5 billion.

Hutchison Ports said it would invest in the development of a new container terminal in the Red Sea port of Ain Sokhna, and in B100, a new container terminal in the Mediterranean port of Alexandria.

In a separate statement, Cosco Shipping Ports Limited said it would invest 25% in the Sokhna New Container Terminal - a new terminal built by the Egyptian government.

The operating period for the project is 30 years and the total investment is about $375 million, the company said. The throughput capacity after completion will reach 1.7 million TEUs. (Reporting by Nilutpal Timsina in Bengaluru and Bernard Orr in Beijing; Editing by Subhranshu Sahu and Muralikumar Anantharaman)