Egypt and UAE’s AD Ports agree on logistics zone near Port Said

Egypt’s Suez Canal Economic Zone has signed a significant 50-year concession agreement with the United Arab Emirates’ Abu Dhabi Ports Group. The deal will establish a 20-square kilometer logistics and industrial zone situated east of Port Said. This was announced by AD Ports’ managing director in a televised address on Sunday.   

AD Ports has pledged an initial investment of $120 million for preliminary development and feasibility studies. The first phase of the project will span 2.8 square kilometers and is slated for completion within three years. Plans for this initial phase include a 1.5-kilometer quay. This quay could potentially feature a versatile multipurpose cargo terminal, according to a cabinet statement.

This agreement represents the latest in a series of strategic investments by AD Ports within Egypt’s burgeoning maritime and logistics infrastructure. Over the past three years, AD Ports has actively expanded its footprint in the Egyptian market through key acquisitions. These acquisitions include prominent Egyptian maritime companies such as Transmar, TCI, and Safina B.V.   

Furthermore, AD Ports has secured long-term concessions for the development and operation of cruise terminals at several key Red Sea ports. These ports include Safaga, Hurghada, Al Sokhna, and the popular tourist destination of Sharm El-Sheikh. Additionally, AD Ports will undertake the construction and operation of a multipurpose port in Safaga and a Roll-on/Roll-off (Ro-Ro) terminal in Al Sokhna, further solidifying their presence in Egypt’s maritime sector.Egypt and UAE’s AD Ports agree on logistics zone near Port Said

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