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Wednesday, March 22, 2023 3:56 GMT

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Top News of Egypt

UAE's AD Ports Group to Invest in Egyptian Port

published:20/03/2023 11:33 GMT

Abu Dhabi’s AD Ports Group signed a 30-year concession agreement worth US$200 million to develop and operate Egypt’s Safaga Port, according to a statement issued by the UAE-based company. “AD Ports Group will invest a total of up to US$200 million in superstructure and equipment, buildings, and other real estate facilities and utilities’ network inside the concession area. The majority of this capex will be spent in 2024 and 2025,” the statement said. AD Ports Group signed the agreement...More


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