AD Ports Group to develop multipurpose terminal at Egypt’s Safaga Port

Share
1 min read
Safaga is also a tourist area. Pic Egypt Tours.
Share
  • AD Ports signed an MoU with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation.
  • Under the pact, AD Ports Group will explore investment opportunities and conduct feasibility and local market studies related to the project.

A multipurpose terminal in Safaga Port of Egypt will be developed and operated by AD Ports Group.
Under an MoU signed with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation, AD Ports Group will explore investment opportunities and conduct feasibility and local market studies related to the project.
AD Ports Group said the MoU aims to support the growth of the Middle East’s industrial and logistics sectors, as well as assist in opening new markets for Egyptian exports via direct maritime routes across the Arabian Gulf, East Asia, and Africa regions.
It will also facilitate commercial activities operating within the Golden Triangle and Upper Egypt and will elevate the country’s ability to compete with other nations that manufacture similar industrial products.
The agreement was signed on the sidelines of the 4th Smart Transport, Logistics and Traffic Fair and Forum for the MEA Region (TransMEA 2021).

,

SPEEDREAD


Today's Headlines

The most important news stories of the day, curated by Post editors and delivered every morning.

Please enable JavaScript in your browser to complete this form.

By signing up you agree to our Terms of Use and Privacy Policy.

MORE FROM THE POST