AD Ports, RSPA sign agreement to develop and operate multipurpose terminal in Safaga Port

AD Ports, RSPA sign agreement to develop and operate multipurpose terminal in Safaga Port

CAIRO/ WAM AD Ports Group (AD Ports) today announced that it has signed a definitive concession agreement with the Red Sea Ports Authority (RSPA) for the development and operation of a multi-purpose terminal at Safaga Seaport. Following the Government of Egypt’s approval, this significant milestone reaffirms the strong trade ties between the UAE and the ...

CAIRO/ WAM

AD Ports Group (AD Ports) today announced that it has signed a definitive concession agreement with the Red Sea Ports Authority (RSPA) for the development and operation of a multi-purpose terminal at Safaga Seaport. Following the Government of Egypt’s approval, this significant milestone reaffirms the strong trade ties between the UAE and the Arab Republic of Egypt.

The definitive agreement was signed at the Egyptian Cabinet headquarters in Cairo by Ahmed Al Mutawa, Regional CEO, AD Ports Group, and Major General Osama Saleh, Vice Chairman of the Board of Directors of the Red Sea Port Authority, in the presence of Dr. Mostafa Madbouly, Egypt’s Prime Minister, Lieutenant-General Kamel El Wazir, Egypt’s Minister of Transport, Mariam Al Kaabi, Ambassador of the UAE to Egypt, and Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group.

The Safaga Port definitive agreement, sanctioned under the Law