AD Ports Group has secured long-term project financing to support its expansion in Egypt, underscoring its strategy to deploy multilateral-backed funding for critical infrastructure assets in high-growth markets.
Project financing and strategic backing
The Group finalised a US$115 million project finance facility to support the development of the Noatum Ports – Safaga Terminal. Moreover, the facility carries a 15-year tenor and is backed by the International Finance Corporation, with participation from the National Bank of Kuwait – Egypt and other institutional investors via an IFC-managed co-lending programme. Financial close is expected in Q1 2026, subject to customary conditions.
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said, “This IFC-backed project finance facility reflects our prudent approach to funding long-term infrastructure assets in emerging markets through multilateral and institutional partnerships. The participation of IFC, NBK – Egypt, and other international investors supports the development of the Noatum Ports – Safaga Terminal and reinforces our growing presence in Egypt, a market of strategic importance to the global supply chain. Guided by the vision of the UAE’s wise leadership, we remain focused on delivering resilient, infrastructure assets that enhance connectivity, support sustainable economic growth, and create long-term value for our stakeholders.”
Makhtar Diop, Managing Director, IFC, said, “Enhancing trade is key to stimulating economic development, this transaction demonstrates how IFC can be a strategic enabler for South-South investments. The project will strengthen Egypt’s position as a central trade hub, lower costs for local businesses and create high-quality jobs, while also reinforcing the UAE’s position as a regional growth engine and a partner for deeper economic integration.”
Asset development and regional expansion
The US$200 million Safaga terminal, located on Egypt’s Red Sea coast, will be the first internationally operated port terminal in Upper Egypt. Additionally, the project aligns with the Group’s broader focus on high-performance port assets across major trade corridors.
Yasser El Tayeb, Vice Chairman, CEO & Managing Director, NBK – Egypt, said: “This landmark financing underscores NBK – Egypt’s commitment to supporting strategic infrastructure projects that drive sustainable economic growth along with having environmental impact reducing the CO2 emissions. Our collaboration with IFC and AD Ports Group reflects our confidence in Egypt’s logistics sector and its long-term potential.”
Broader Egypt footprint
Egypt remains a core international market for the Group. Moreover, investments span terminals, shipping, maritime services and cruise infrastructure, while recent equity acquisitions and planned tender offers further strengthen its Mediterranean and Red Sea presence.
