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AD Ports posts Q4 profit drop on one-off charges as revenue soars

AD Ports posts Q4 profit drop on one-off charges as revenue soars
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UAE s AD Ports Group to support cruise tourism in Egypt

AD Ports Group has initialled a 15-year concession agreement with the Red Sea Port Authority to operate and manage three cruise terminals

Egypt Agrees with AD Ports to Develop Cruise and Cargo at Red Sea Ports

Egypt Agrees with AD Ports to Develop Cruise and Cargo at Red Sea Ports
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Egypt Agrees with AD Ports to Develop Cruise and Cargo at Red Sea Ports

Egypt Agrees with AD Ports to Develop Cruise and Cargo at Red Sea Ports
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AD Ports Group, Red Sea Port Authority Sign Agreement to Boost Cruise Tourism in Egypt

Abu Dhabi Ports Group initiated a 15-year concession agreement with the Red Sea Port Authority (RSPA) to operate and manage three cruise terminals at Safaga, Hurghada, and Sharm el-Sheikh ports. The agreement also encompasses the renovation of the Sharm el-Sheikh terminal, aiming to enhance the cruise tourism experience in Egypt. A definitive concession agreement is expected to be concluded in the first quarter of 2024, subject to regulatory approvals.

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