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Egypt, Red Sea coast

AD Ports Group signs MoU for multipurpose terminal in Safaga Port

AD Ports Group, a leading facilitator of trade and logistics, has signed a Memorandum of Understanding with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation, for the development and operation of a multipurpose terminal in Safaga Port.

Under the MoU, AD Ports Group will explore investment opportunities and conduct feasibility and local market studies related to developing and operating a multipurpose terminal in Safaga Port, with both parties benefitting from the exchange of expertise and best practices.

The MoU aims to support the growth of the Middle East’s industrial and logistics sectors, as well as assist in opening new markets for Egyptian exports via direct maritime routes across the Arabian Gulf, East Asia, and Africa regions.

Source: transportandlogisticsme.com


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