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AD Ports Group 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 Sea Port.
Abu Dhabi Ports Group (AD Ports) has secured a 30-year concession agreement with the Red Sea Ports Authority (RSPA) to develop and operate the Safaga 2 multi-purpose terminal at Egypt’s Safaga Sea Port. This strategic project, with a $200m investment over three years, marks the first internationally operated port
The terminal is on track to become operational by 2025
AD Ports Group said that the 810,000 square metre project will have a dock length of 1,100 metres and a depth of 17 metres.
AD Ports 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 in Egypt. The collaboration will see an investment of $200 million over 3 years.