AD Ports signs 30-year Egyptian agreement ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
AD Ports signs 30-year Egyptian agreement
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 49
AD Ports Group has signed a 30-year concession agreement with the Red Sea Ports Authority to develop and operate a multi-purpose port in Safaga, Egypt. As per the terms of the deal, the Abu Dhabi-based group will be responsible for the development and operation of a multi-purpose terminal at Safaga Port, which is billed as a strategic location on the Red Sea coast of Egypt. Safaga Port will be the first internationally operated port in the Upper Egypt region, bringing significant cost savings to traders, industries and businesses located in this region, a statement from the firm pointed out. The terminal will come up an area of 810,000sqm and is set to be operational in Q2 2025. It will boas

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