UAE port operator the AD Ports Group and the Red Sea Ports Authority (RSPA) of Egypt have entered into a definitive concession agreement for the development, operation, and management of three cruise terminals at Safaga, Hurghada, and Sharm El Sheikh ports. The AD Ports Group’s total investment of...
Red Sea Ports Authority
UAE firm to develop multi-purpose terminal at Egypt’s Safaga Port
UAE-based the AD Ports Group has entered into a definitive concession agreement with the Red Sea Ports Authority of Egypt for the development and operation of a multi-purpose terminal at Safaga Sea Port. The collaboration will see an investment of US$200 million over three years with the aim of...
AD Ports Group signs agreements for Egyptian ports development
AD Ports Group signed several agreements to expand its presence and increase its access to ports in Egypt.
AD Ports Group and the Red Sea Ports Authority signed a 30-year concession agreement that allows the Group to develop and operate a multi-purpose terminal at Safaga Port on the Red Sea coast of Egypt.
“Safaga Port will be the first internationally operated port in the Upper Egypt region, bringing cost savings to traders, industries and businesses located in this region,” said AD Ports.
The...
https://container-news.com/ad-ports-group-signs-agreements-for-egyptian-ports-development/
AD Ports Group, Red Sea Ports Authority form consortium to undertake infrastructure projects in Egypt
UAE-based the AD Ports Group and Egypt’s Red Sea Ports Authority have signed a term sheet and a head of terms agreement for major port projects along Egypt’s ..
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