AD Ports Group, based in the UAE, has agreed to a 30-year concession to establish and operate a multi-purpose port in Safaga, a strategic location on Egypt’s Red Sea coast.
The Safaga Port terminal will cover approximately 810,000 square meters and is expected to be operational by Q2 2025. AD Ports Group will spend up to AED 734M on infrastructure and equipment, buildings, real estate facilities, and utility networks within the concession area, with most of the capital expenditure taking place in 2024 and 2025.
The port will feature a quay wall up to 1,000 meters in length and be capable of handling 5 million tonnes of dry bulk and general cargo, 1 million tonnes of liquid bulk, and 450,000 TEUs of containerized cargo.
The AD Ports Group has also inked two agreements to develop cement terminals at Al Arish Port and West Port Said Port, as well as four Head of Terms agreements covering ports in Egypt’s Red Sea and Mediterranean Sea regions, allowing for significant expansion of the group’s activities in Egypt.
These agreements provide access to multipurpose terminals, cruise routes, and logistics capabilities in Safaga, Ain Sokhna, Port Said, Hurghada, Sharm El Sheikh, and Al Arish.
