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AD Ports Group has signed a concession agreement with Egyptian government to develop and operate a multi-purpose port in Safaga region in addition to sealing of two 15-year agreements for ports located in the Red Sea and the Mediterranean Sea.
ABU DHABI,18th March, 2023 (WAM) – AD Ports Group, the leading facilitator of global trade, logistics, and industry, today announced the signing of a concession agreement to develop and operate a multi-purpose port in Safaga in Egypt, in addition to signing of two 15-year agreements, a Memorandum of Understanding (MoU) and three Head of Terms (HoT) concerning ports located in Egypt’s Red Sea region and the Mediterranean Sea, enabling a major expansion of the Group’s activities into Egypt.These agreements allow for expanded access to multipurpose.