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).