AD Ports Group has signed a “final and definitive” concession agreement with the Red Sea Ports Authority (RSPA) to develop, operate and manage three cruise terminals at Safaga, Hurghada and Sharm El Sheikh ports. The group is expected to invest US$ 4.7 million over the next 15 years to cover management and operations of the three cruise terminals, all of which are due to be operational in 2025.
Furthermore, AD Ports Group and the General Authority of the Suez Canal Economic Zone (SCZONE) have...
https://www.themaritimestandard.com/ad-ports-group-and-red-sea-port-authority-sign-concession-deals/