AD Ports Group and RSPA sign agreements for major port projects in Egypt ...United Arab Emirates

Abu Dhabi’s AD Ports Group and the Red Sea Ports Authority (RSPA) have signed a Term Sheet and a Head of Terms agreement for major port projects along Egypt’s coastline, it has announced. The first agreement will see AD Ports Group develop, operate and manage a multipurpose terminal in Safaga Port in a consortium with the Red Sea Ports Authority and the Egyptian Group for Multipurpose Terminals Company, the commercial arm of the Egyptian Ministry of Transportation. The multi-purpose terminal project in Safaga Port is an important national project due to its strategic location on the Red Sea. Upon completion in 2024, the terminal will offer berths of up to 1,000 meters capable of handling all

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