• Airways
  • Railway
  • Roadways
  • Shipping & Port
Transport Advancement
  • Home
  • News
  • Projects
    Stockholm Metro Expansion

    Stockholm Metro Expansion Backed by €2B EIB Funding

    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

  • Articles
  • Press Statements
  • Market Reports
    Bonded Zones and Mega

    Bonded Zones and Mega Terminals Playing Part Regionally

    Heavy Duty Vehicle Electrification Driving Transportation

    Heavy-Duty Vehicle Electrification Driving Transportation

    European Rail Freights

    2025-2029 European Rail Freight Transportation Market View

    Intelligent Transportation

    Intelligent Transportation System Market – 2032 Growth Story

    MaaS

    Mobility as a Service – MaaS Set To Witness A Global Demand

    Transportation growth in Tourism

    On-Demand Transportation Throttles Growth in Tourism

    Achieving Global Retail Expansion And Sustained Growth

    Shifting Sourcing strategies with Maersk, Bose & Infineon – Reuters Events

    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

  • Events
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Projects
    Stockholm Metro Expansion

    Stockholm Metro Expansion Backed by €2B EIB Funding

    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

  • Articles
  • Press Statements
  • Market Reports
    Bonded Zones and Mega

    Bonded Zones and Mega Terminals Playing Part Regionally

    Heavy Duty Vehicle Electrification Driving Transportation

    Heavy-Duty Vehicle Electrification Driving Transportation

    European Rail Freights

    2025-2029 European Rail Freight Transportation Market View

    Intelligent Transportation

    Intelligent Transportation System Market – 2032 Growth Story

    MaaS

    Mobility as a Service – MaaS Set To Witness A Global Demand

    Transportation growth in Tourism

    On-Demand Transportation Throttles Growth in Tourism

    Achieving Global Retail Expansion And Sustained Growth

    Shifting Sourcing strategies with Maersk, Bose & Infineon – Reuters Events

    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

  • Events
  • Contact Us
No Result
View All Result
Transport Advancement
No Result
View All Result
Home News

UAE’s AD Ports plans $200m investment for Safaga Port in Egypt

23rd March 2023
in News, Shipping & Port
HPC leads machine learning initiative at Hamburg container terminal

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

0
SHARES
43
VIEWS
Share on FacebookShare on Twitter

AD Ports Group has reached a 30-year concession agreement with the Red Sea Ports Authority for the development and operation of a multi-purpose terminal in Egypt’s Safaga Port.

The Abu Dhabi-based port operator will spend up to $200m, with the bulk of the amount invested in 2024 and 2025, for buildings, superstructures and equipment, as well as other real estate facilities and a utility network within the concession area.

Expected to start operations in the second quarter of 2025, the new terminal is projected to create major cost savings for the region’s industries and traders.

The terminal will be designed to manage five million tons of dry bulk and general cargo along with one million tons of liquid bulk.

It will also be able to handle 450,000 twenty-foot equivalent units (TEUs) of containerised cargo and 50,000 car equivalent units (CEUs) of RoRo.

To be developed over an area of 810,000m², it will feature a quay wall of up to 1,000m.

The United Arab Emirates (UAE)-based operator also struck two 15-year agreements, one memorandum of understanding (MoU) and three head of terms (HoT) for ports in Egypt’s Red Sea region and the Mediterranean Sea.

The 15-year agreements have been signed for the development of two cement terminals in Al Arish Port and West Port Said, with each having the capacity to handle between one and 1.5 million tons a year.

Entailing an investment of $33m, the developments will involve the construction of silos with storage capacities of up to 30,000t and 60,000t in West Port Said and Al Arish Port, respectively.

The MoU was signed with The General Authority for the Suez Canal Economic Zone and will initially focus on developing a multi-purpose terminal, logistics zone and economic zone at the East Port Said.

The Sokhna HoT is for the development of RoRo, cruise and multipurpose terminals, while the Hurghada HoT is for the management and operation of a cruise terminal in the port city of Hurghada.

The Sharm El Sheikh HoT focuses on the development, management and operation of a cruise terminal in the port city of Sharm El Sheikh.

Last September, AD Ports marked its first overseas acquisition with a 70% stake purchase in International Associated Cargo Carrier (IACC) for $140m.

IACC owns maritime companies Transmar International Shipping and Transcargo International.

The latest agreements come on the heels of AD Ports Group’s HoT for a new multipurpose terminal in Pointe-Noire, Congo.

Previous Post

Ouster and LASE collaborate on 3D digital lidar sensor technology

Next Post

Chicago City Council to improve transportation safety and efficiency with new pilot programmes

Related Posts

Pure Hydrogen and FRN Partner on Vehicles Infrastructure
News

Pure Hydrogen and FRN Partner on Vehicles & Infrastructure

11th July 2025
U.S. Targets Chinas Maritime Industry
News

U.S. Targets China’s Maritime Industry with New Tariffs

11th July 2025
Autonomous Ships Revolutionising
Articles

Autonomous Ships: Revolutionising Maritime Transport & Trade

10th July 2025
Pacific Coast Intermodal
News

Pacific Coast Intermodal Port Gets $100mn Construction Fund

9th July 2025
E400 Million Planned for German Ports and Shipping
News

€400 Million Planned for German Ports and Shipping

9th July 2025
Iraq Railway Project
News

Iraq Railway Project Gets $930M Boost for Trade, Jobs

4th July 2025
Next Post
Chicago City Council to improve transportation safety and efficiency with new pilot programmes

Chicago City Council to improve transportation safety and efficiency with new pilot programmes

Latest Post

Hydrogen Planes The Future
Airways

Hydrogen Planes: The Future of Zero-Emission Aviation

10th July 2025
China Airlines Airbus Deal
Airways

China Airlines & Airbus Deal Boosts Asia-Pacific Expansion

4th July 2025
Transforming Air Travel
Airways

Transforming Air Travel: Passenger Terminal of 2030 Vision

26th June 2025
Designing the Future
Airways

Designing the Future Terminal for Smart Operations

26th June 2025
Cybersecurity in Terminal
Airways

Cybersecurity in Terminal Environments: A Rising Priority

25th June 2025
Bonded Zones and Mega
Airways

Bonded Zones and Mega Terminals Playing Part Regionally

25th June 2025
Transport Advancement

About Us

Transport Advancement is a leading information centric website for latest updates within the industry. We cover Railway, Road Traffic, Airways, Shipping & Port and run with an objective to provide knowledge driven content to our readers and subscribers in various forms like news, projects, upcoming events.

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack
  • Newsletter Subscription

System

  • Search
  • Site map
  • RSS Feed
  • Airways
  • Railway
  • Roadways
  • Shipping & Port

© 2022 Copyright Value Media Services 2022 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Articles
  • Press Statements
  • Market Reports
  • Events
  • Contact Us

© 2022 Copyright Value Media Services 2022 All rights reserved.