Abu Dhabi’s AD Ports Group has signed a concession agreement to develop and operate a multi-purpose port in Safaga in Egypt, in addition to signing of two 15-year agreements, a memorandum of understanding (MoU) and three head of terms (HoT) concerning ports located in Egypt’s Red Sea region and the Mediterranean Sea.
These agreements allow for expanded access to multipurpose terminals, cruise routes, and logistics capabilities in Safaga, Ain Sokhna, Port Said, Hurghada, Sharm El Sheikh and Al Arish.
Safaga Port will be the first internationally operated port in the Upper Egypt region. Covering 810,000 sq m, it is set to be operational in Q2 2025. It will boast a quay wall of up to 1,000 m and it will have the annual capacity to handle 5m tonnes of dry bulk and general cargo, 1m tonnes of liquid bulk, 450,000 teu of containerised cargo, and 50,000 cars.
Egypt has signed many new port agreements in recent months with the nation trying to position itself as a site for green refuelling.
