AD Ports Group signs agreements for Egyptian ports development

23.03.2023

AD Ports Group signed several agreements to expand its presence and increase its access to ports in Egypt.

AD Ports Group and the Red Sea Ports Authority signed a 30-year concession agreement that allows the Group to develop and operate a multi-purpose terminal at Safaga Port on the Red Sea coast of Egypt.

"Safaga Port will be the first internationally operated port in the Upper Egypt region, bringing cost savings to traders, industries and businesses located in this region," said AD Ports.