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AD Ports to build and operate Red Sea ports

By Shane McGinley
Adult, Male, Man Wam
Abu Dhabi's AD Ports Group has signed a number of agreements in Egypt in recent weeks

The UAE’s AD Ports Group has signed an agreement to build, develop, operate and maintain terminals for passengers and cruise lines at the Egyptian Red Sea ports of Hurghada, Safaga and Sharm El Sheikh.

“This contract will contribute to operating cruise lines between Zayed Port and Safaga, Hurghada and Sharm El Sheikh and, later, Arabian Gulf ports, Aqaba and Europe and Asia,” the Egyptian Ministry of Transport said in a statement published by the UAE state-owned Wam news agency.

The Abu Dhabi company last month announced it had signed an agreement with the Red Sea Ports Authority to develop and operate a multi-purpose terminal at Safaga port in Egypt.

The agreement will mean an investment of $200 million over three years to develop the first internationally operated port serving the Upper Egypt region.

The 810,000sq m terminal will feature a one-kilometre quay wall and is on track to become operational by 2025.

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