Transport AD Ports to build and operate Red Sea ports By Shane McGinley January 5, 2024, 4:32 AM 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. AD Ports to invest $200m to develop Egypt’s Safaga port AD Ports-owned unit takes control of Spanish terminal UAE’s AD Ports plans to buy stake in Turkish port 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.