Print
PDF
A concession agreement to develop and operate a multi-purpose port in Safaga in Egypt, as well as further agreements relating to ports located in Egypt’s Red Sea region and the Mediterranean Sea, has been signed by AD Ports Group with relevant authorities.
The new Safaga terminal will be developed over an area of around 810,000 m2 and is scheduled to be operational in the second quarter of 2025. Featuring a 1000m long quay wall, it will have the capacity to handle 5 million tonnes of dry bulk and general cargo, 1 million tonnes of liquid bulk, 450,000 TEU of containerised cargo, and 50,000 ro-ro units annually. It has been confirmed that AD Ports will invest a total of up to US$ 200 million in superstructure and equipment, buildings, and other facilities in Safaga port.
Additionally, AD Ports has also agreed to take part in the development of two cement terminals in Al Arish Port and West Port Said Port with the General Authority for the Suez Canal Economic Zone requiring a combined investment of around US$ 33 million. Under the terms of the 15-year agreements, AD Ports will construct silos with a storage capacity of up to 60,000 tonnes in Al Arish Port and 30,000 tonnes in West Port Said. Each terminal will be able to handle up to 1.5 million tonnes annually and both are expected to be operational by the end of 2023.
Also signed in recent weeks are heads of terms for the development of three terminals, including ro-ro, cruise, and multipurpose facilities at Sokhna port, and the management and operation of cruise terminals located in Hurghada and Sharm El Sheikh.
Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “As we look to the future, AD Ports Group is proud to continue developing the infrastructure of Egyptian ports and terminals. These agreements build upon the strong historic and economic ties between the UAE and Egypt which recently celebrated 50 years of friendship and co-operation.”
