In 2021 MTBS worked together with AD Ports on a market sizing study for the (then) potential investment in the Safaga Greenfield Terminal project, on Egypt’s east coast. AD Ports Group now signed an agreement to develop, operate, and manage a multi-purpose terminal at Safaga Port as a part of a consortium with the Red Sea Ports Authority and Egyptian Group for Multipurpose Terminals Company.
Safaga Port is set on a strategic location on the Red Sea and – upon completion in 2024 – the new terminal will be built on offer berths of up to 1,000 meters capable of handling all types of general, dry, and liquid bulk cargo.
The new joint venture will provide port users with several marine services – including 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 second agreement covers the development, operation, and management of cruise ship berths and terminals at Sharm El Sheikh, Hurghada, and Safaga ports in an effort to extend cruise tourism in Egypt. In addition, AD Ports Group will develop plans for cruise ships lines linking Abu Dhabi, Hurghada, Sharm El Sheikh and Aqaba.