AD Ports, Red Sea Ports Authority sign agreement for projects in Egypt
Now Reading
AD Ports, Red Sea Ports Authority sign agreement for projects in Egypt

AD Ports, Red Sea Ports Authority sign agreement for projects in Egypt

The agreement includes AD Ports as part of a consortium that will develop, operate and manage a multi-purpose terminal in Safaga Port

AD Ports

AD Ports Group and the Red Sea Ports Authority have signed a term sheet and a head of terms agreement to enable the development of key port projects along Egypt’s coastline.

According to state news agency WAM, as per the first agreement AD Ports Group will be part of a consortium that includes Red Sea Ports Authority and the Egyptian Group for Multipurpose Terminals Company, the commercial arm of the Egyptian Ministry of Transportation, to develop, operate and manage a multi-purpose terminal in Safaga Port.

The multi-purpose terminal project in Safaga Port is an important national project due to its strategic location on the Red Sea. Upon completion in 2024, the terminal will offer berths of up to 1,000 metres capable of handling all types of general, dry and liquid bulk cargo.

The new joint venture will provide port users with a wide range of marine services, including services related to vessel traffic management, dangerous goods control, provision of navigation aids, anchorage, dredging, pilotage, towage, and mooring and unmooring solutions.

The second agreement covers the development, operation and management of cruise ship berths and terminals at Sharm El Sheikh, Hurghada and Safaga ports, and to provide support services to help extend cruise tourism in Egypt. In addition, AD Ports Group will develop plans for cruise ships lines linking Abu Dhabi, Hurghada, Sharm El Sheikh and Aqaba.

The agreement permits the group to carry out development work to enhance the experience of visiting tourists, stated WAM.

Captain Mohamed Juma Al Shamisi, MD and group CEO, AD Ports Group, said: “In line with our leadership’s vision to promote cooperation with fraternal Arab neighbours , we are pleased to extend our strategic relationship with the Egyptian authorities through these agreements, which cover a full range of services across multiple ports along the Red Sea coast. The Ministry of Transport has ambitious plans to boost maritime trade and transportation, and AD Ports Group stands ready to leverage its expertise and experience to support these vital development projects.”

The agreements are among a series of deals between AD Ports Group and maritime organisations in Egypt, including an agreement with the Egyptian Group for Multipurpose Terminals for the joint development and operation of Egypt’s Ain Sokhna Port.

Read: UAE’s AD Ports Group to manage operations at Egypt’s Ain Sokhna Port

You might also like

© 2021 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.

Scroll To Top