Abu Dhabi-based leading logistics, industry, and trade facilitator, AD Ports Group has signed a Term Sheet and a Head of Terms agreement with the Red Sea Ports Authority (RSPA) for major port projects along the coastline of Egypt.
The first agreement will see AD Ports Group develop, operate, and manage a multi-purpose terminal in Safaga Port in a consortium with the RSPA and the Egyptian Group for Multipurpose Terminals Company, the commercial arm of the Egyptian Ministry of Transportation.
The Red Sea Port Authority is responsible for the operation of several ports located along the coast of the Red Sea.
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 provide berths of up to 1,000 meters capable of handling all types of general, dry and liquid bulk cargo.
Captain Mohamed Juma Al Shamsi Group CEO – AD Ports Group
“In line with our leadership’s vision to promote cooperation with fraternal Arab neighbors, we are pleased to extend our strategic relationship with the Egyptian authorities through these agreements, which cover a full range of services across multiple ports along the Red Sea coast. The Ministry of Transport has ambitious plans to boost maritime trade and transportation, and AD Ports Group stands ready to leverage its expertise and experience to support these vital development projects.”
Lieutenant-General Engineer Kamel El-Wazir, Minister of Transport of Egypt said that, “These agreements are in line with the directions of His Excellency Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, aiming to make Egypt a global trade and logistics hub through the development of Egyptian ports at the Red Sea and Mediterranean Sea coasts, and the constructive cooperation between Egyptian and UAE ports.”
As part of the agreement, the new joint venture will offer port users a wide range of marine services. These include services related to vessel traffic management, dangerous goods control, provision of navigation aids, fire prevention, and firefighting, anchorage, dredging, as well as pilotage, towage, and mooring and unmooring solutions.
According to the statement, “The second agreement covers the development, operation, and management of cruise ship berths and terminals at Sharm El Sheikh, Hurghada and Safaga ports, and to provide support services to help extend cruise tourism in Egypt. In addition, AD Ports Group will develop plans for cruise ships lines linking Abu Dhabi, Hurghada, Sharm El Sheikh, and Aqaba.”
Under the terms of the agreement, AD Ports Group can carry out development work to enhance the experience of visiting tourists.
The agreements are the latest in a series between AD Ports Group and maritime organizations in Egypt, including an agreement with the Egyptian Group for Multipurpose Terminals for the joint development and operation of Egypt’s Ain Sokhna Port.
Thank you very much for choosing GCC Business News to be an important part of your professional life. You will receive a confirmation e-mail. Please check SPAM or UPDATES folder
