AD Ports Group, Egypt’s Ministry of Petroleum & Mineral Resources and Dubai-based TCM Project Management, have signed a Memorandum of Understanding (MoU) to explore joint operation and development of Egypt’s strategic crude oil storage network.
Egypt’s crude oil storage system is considered critical infrastructure within the country’s national energy value chain, strategically positioned to serve domestic and international markets.
The potential collaboration highlights AD Ports Group’s commitment to expanding its integrated ports, maritime, logistics, and industrial footprint in Egypt, one of its largest overseas markets, where it has announced approximately $469 million in investment commitments since 2022.
Captain Mohamed Juma Al Shamisi MD and Group CEO AD Ports
“This MoU highlights our Group’s strategic interest in Egypt, a nation with which the United Arab Emirates enjoys deep and enduring ties. The potential joint operation and development of Egypt’s extensive crude oil storage network reflects our commitment to bringing the full strength of AD Ports Group’s integrated business model, spanning ports, maritime, logistics, economic zones, and digital solutions, through forging long-term strategic partnerships, supporting the economic and industrial objectives of the Egyptian government.”
H.E. Eng. Karim Badawi, the Minister of Petroleum & Mineral Resources for the Arab Republic of Egypt, said that, “We are pleased to sign a Memorandum of Understanding with both AD Ports Group, one of our most important partners in trade and infrastructure, and TCM, to explore opportunities to maximize the value of Egypt’s advanced petroleum sector assets, particularly the strategic crude oil storage facilities, as well as to identify other areas of mutual interest.”
The MoU was signed by Ahmed Al Mutawa, Regional CEO of AD Ports Group, Nasser Shoman, Undersecretary of the Ministry of Petroleum and Mineral Resources of Egypt, and Mahmoud farrag Omran, General Manager of TCM Project Management.
The potential partnership aims to unlock new efficiencies and value creation opportunities by integrating AD Ports Group’s world-class operational expertise and digital capabilities with Egypt’s established energy infrastructure.
The crude oil storage facilities are positioned to play a pivotal role in regional energy security, supply chain resilience, and the facilitation of international crude oil trade flows.
