- About us
- IBJ Awards
- Free Sample
- Contact us
Abu Dhabi Egyptian agreement to focus multipurpose terminal in Safaga Port
(Posted on 05/05/22)
AD Ports Group and the Red Sea Ports Authority have signed a Term Sheet and a Head of Terms agreement for major port projects along Egypt’s coastline.
The first agreement will see AD Ports Group develop, operate, and manage a multi-purpose terminal in Safaga Port in a consortium with the Red Sea Ports Authority and the Egyptian Group for Multipurpose Terminals Company, the commercial arm of the Egyptian Ministry of Transportation.
The multi-purpose terminal project in Safaga Port is an important national project due to its strategic location on the Red Sea. Upon completion in 2024, the terminal will offer berths of up to 1,000 meters capable of handling all types of general, dry and liquid bulk cargo.
As part of the agreement, the new joint venture will provide port users with a wide range of marine services. These include services related to vessel traffic management, dangerous goods control, provision of navigation aids, fire prevention and firefighting, anchorage, dredging, as well as pilotage, towage, and mooring and unmooring solutions.
The signing ceremony was witnessed by His Excellency Lieutenant-General Engineer Kamel El-Wazir, Minister of Transport of Egypt, and signed by Major General Mohamed Abdel Rahim, Chairman of the Board of Directors of the Red Sea Ports Authority; Rear Admiral Abdel Qader Darwish, Chairman of the Board of Directors of the Egyptian Group for Multipurpose Terminals, and Saif Al Mazrouei, CEO of the Ports Cluster, AD Ports Group.
His Excellency Lieutenant-General Eng. Kamel El-Wazir, Minister of Transport said: “These agreements are in line with the directions of His Excellency Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, aiming to make Egypt a global trade and logistics hub through the development of Egyptian ports at the Red Sea and Mediterranean Sea coasts, and the constructive cooperation between Egyptian and UAE ports.”
Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “In line with our leadership’s vision to promote cooperation with fraternal Arab neighbours , we are pleased to extend our strategic relationship with the Egyptian authorities through these agreements, which cover a full range of services across multiple ports along the Red Sea coast. The Ministry of Transport has ambitious plans to boost maritime trade and transportation, and AD Ports Group stands ready to leverage its expertise and experience to support these vital development projects.”
The second agreement covers the development, operation, and management of cruise ship berths and terminals at Sharm El Sheikh, Hurghada and Safaga ports, and to provide support services to help extend cruise tourism in Egypt.
The memorandum was signed by Major General Mohamed Abdel Rahim, Chairman of the Board of Directors of the Red Sea Ports Authority and Saif Al Mazrouei - CEO of the Ports Cluster, AD Ports Group.
The agreements are the latest in a series between AD Ports Group and maritime organisations in Egypt, including an agreement with the Egyptian Group for Multipurpose Terminals for the joint development and operation of Egypt’s Ain Sokhna Port.
CP sets date for combination with KCS(Posted on 28/03/23)
Canadian Pacific has said that, on 14 April, 2023, it will exercise the authority granted by the U.S... Read more
Historic results, outstanding performance and innovations for Logistec(Posted on 24/03/23)
LOGISTEC Corporation, a leading marine and environmental services provider, has announced its financial... Read more
65th Navigation Season opens on the St. Lawrence Seaway(Posted on 24/03/23)
Terence Bowles, President and CEO of the St. Lawrence Seaway Management Corporation (SLSMC), and Adam... Read more
AD Ports to develop Safaga Port and cement terminals in Egypt(Posted on 20/03/23)
Abu Dhabi based AD Ports Group, the leading facilitator of global trade, logistics, and industry, has... Read more
Grain handling expansion at Immingham(Posted on 20/03/23)
Grain handling at the Port of Immingham is increasing thanks to the new opportunities presented by investment... Read more
Marcor Stevedoring closes contract on new LHM 800(Posted on 07/03/23)
Marcor Stevedoring has signed a contract adding Liebherr’s largest and most powerful mobile harbour... Read more
AD Ports enters Uzbekistan logistics market via JV(Posted on 07/03/23)
AD Ports Group, an Abu Dhabi based leading facilitator of global trade, logistics, and industry, and... Read more
Logistec to expand North American network with FMT acquisition(Posted on 02/03/23)
LOGISTEC Stevedoring Inc., a subsidiary of LOGISTEC Corporation, a leading North American marine and... Read more
Bulk recovering as Bilbao launches improvement projects(Posted on 28/02/23)
End-of-year figures for total traffic in the Spanish Port of Bilbao stand at 32.7 million tonnes, up... Read more
Sept-Îles and Logistec reach important iron ore handling milestone(Posted on 24/02/23)
The Port of Sept-Îles and LOGISTEC Arrimage Inc. have announced that they have reached the impressive... Read more