AD Ports signs Egypt expansion deals

The group has signed a 30 year agreement to develop and operate a multi-purpose port in Safaga as well as two 15 year deals at Al Arish Port and West Port Said.

A memorandum of understanding will see the group develop a multi-purpose terminal plus logistics and economic zones at East Port Said whilst three heads of term will see the group focus on Ain Sokhna, Hurghada and Sharm El Sheikh.

“AD Ports Group is proud to continue developing the infrastructure of Egyptian ports and terminals,” said Capt. Mohamed Juma Al Shamisi, managing director and group chief executive, AD Ports Group.

“The significant opportunities we can leverage through our agreements with the Red Sea Ports Authority and the General Authority of Suez Canal Economic Zone will increasingly enhance our commercial offering across the region,” he added.

The new 810,000 sqm terminal at Safaga Port, set to be operations in Q2 2025, will see AD Ports invest up to US$200 million. It will have a quay wall of up to 1,000 metres and 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 ceu of RoRo.

At the ports of Al Arish and West Port Said, AD Ports and the General Authority for the Suez Canal Economic Zone will invest a total of US$3 million to construct cement silos with a storage of 60,000 tonnes and 30,000 tonnes respectively. Both will come online in Q4, doubling Egypt’s global cement exports.

At East Port Said the group will collaborate in transportation and infrastructure projects with an initial focus on a multi-purpose terminal as well as a logistics and economic zone.

Finally, AD Ports will develop three terminals at Sokhna catering for RoRo, cruise and multi-purpose activity along with cruise terminals at Hurghada and Sharm El Sheikh.