The AD Ports Group from UAE is expanding its operations in Egypt through a partnership with the Suez Canal Economic Zone (SCZone) to develop several projects in ports located within the economic zone. The ports of East Port Said, West Port Said, and Al Areesh will be developed by AD Ports as part of this initiative. The company sees significant investment opportunities in Egypt and plans to strategically expand its operations in the country, backed by ambitious economic development plans. AD Ports recently signed a 30-year concession agreement worth $200 million to develop, manage, and operate the Egyptian multi-purpose terminal in the Red Sea port of Safaga, and also signed additional agreements concerning ports in the country’s Red Sea and Mediterranean Sea regions.
The partnership with SCZone will see AD Ports invest in building two cement terminals worth a combined $33 million at Al Arish Port and West Port Said Port. The terminals are expected to double Egypt’s cement exports to global markets and become operational by the last quarter of 2023. AD Ports also operates ports and logistics parks in Abu Dhabi and Fujairah, has a facility in Guinea, and plans to develop extensive trade corridors connecting the UAE with international markets.