Abu Dhabi and Red Sea Ports Authority ink agreement to develop new terminal in Egypt’s Safaga Port

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.