AD Ports Group has signed a definitive concession agreement with the Red Sea Ports Authority (RSPA) for the development and operation of a multi-purpose terminal at Safaga Sea Port.
The agreement, approved by the Government of Egypt, underscores strong trade ties between the UAE and Egypt. The terminal, spanning 810,000 square meters, will handle various cargo types and is expected to bring economic benefits, operational by 2025.
The $200 million investment over three years will establish a state-of-the-art facility in the strategic Red Sea location, serving Upper Egypt as the first internationally operated port.
The total investment will cover superstructure, equipment, buildings, and utilities within the concession area to create advanced facilities and leading-edge infrastructure. The terminal, spanning approximately 810,000 square meters, will feature a 1,000-meter quay wall and will handle diverse cargo types, including dry bulk, liquid bulk, containerised cargo, and Ro-Ro.
This project is expected to bring substantial economic impact, with cost savings and efficiency improvements to traders and businesses in the region. The terminal is on track to become operational by 2025.
The signing ceremony took place at the Egyptian Cabinet headquarters in Cairo in the presence of Egypt’s Prime Minister, Minister of Transport, UAE Ambassador to Egypt, and AD Ports Group’s Managing Director and Group CEO.
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, mentioned that through this project, the Group would demonstrate its commitment to enhancing global supply chain efficiency, creating faster trade routes, and offering diverse logistics solutions for key strategic trading partners.
Meanwhile, Saif Al Mazrouei, CEO of Ports Cluster at AD Ports Group, emphasized that the project marked a significant step in the longstanding friendship and cooperation between the UAE and Egypt.
