We are glad to announce that Abu Dhabi’s AD Ports signed a 30-year concession agreement to develop and operate the multipurpose terminal in the port of Safaga. This is one of AD Port’s many expected involvements in the port sector of Egypt. The company has also signed a MoU allowing for expanding access to multipurpose terminals and cruise routes in the ports of Ain Sokhna, Port Said, Hurghada, Sharm El Sheikh and Al Arish.
In 2021 MTBS worked together with AD Ports on a market sizing study to support the investment decision regarding the multipurpose terminal in Safaga. Since then, AD Ports and MTBS collaborated on multiple occasions to contribute to AD Port’s ambitious international growth strategy. Studies encompassed both maritime and inland logistic ports. We want to thank AD Ports for all work opportunities and are excited for all studies in progress and in the future, together with the company.
