UAE and Egyptian officials at the signing ceremony where AD Ports Group and Red Sea Ports Authority inked a pact to develop the new terminal at Egypt's Safaga Port.
Abu Dhabi and Red Sea Ports Authority ink agreement to develop new terminal in Egypt’s Safaga Port
The terminal is on track to become operational by 2025
Last updated:
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The new Safaga 2 terminal will accommodate 1 million containers annually and will receive 7 million metric tons of goods.
Bloomberg
Cairo, Abu Dhabi: AD Ports Group signed a definitive concession agreement with the Red Sea Ports Authority (RSPA) to develop and operate a multi-purpose terminal in Egypt’s Safaga Sea Port. This collaboration will see an investment of $200 million over three years to create a state-of-the-art facility within the Red Sea.
Economic impact
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