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Hassan Allam secures another big port construction project: The Emirati, ADQ-owned port giant Abu Dhabi Ports has chosen local construction and contracting leader Hassan Allam Construction to build the infrastructure for its Noatum Ports at the Safaga terminal in the Red Sea, according to a joint statement (pdf). Details about the cost of the agreement are yet to emerge.
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Remember: AD Ports will develop and operate the container terminal at Safaga Port under a USD 200 mn, 30-year concession agreement that has been in the works since at least 2021. The project — that was finalized in an agreement in late 2023 — initially pencilled in operations kicking off in in 2Q 2025, handling some 5 mn tons of dry bulk, 1 mn tons of liquid bulk, 450k TEUs of containerized cargo, and 50k car-equivalent units (CEUs) of roll-on, roll-off cargo. Needed infrastructure includes administrative buildings, warehouses, roads, utilities, security systems, and more.
What they said: “We welcome this opportunity to work with AD Ports Group, one of the fastest growing trade, transport and logistics groups in the Middle East, to deliver Noatum Ports – Safaga Terminal, which will be a key addition to Egypt’s maritime and ports infrastructure on the Red Sea,” Hassan Allam Holding CEO Hassan Allam said. “With our track record of more than 90 years, Hassan Allam Holding looks forward to delivering this large-scale, strategically important project for Egypt.”
Data point: AD Ports has invested some USD 349 mn in Egypt over the last three years when it really began to establish itself in the country. The global port operator has now acquired local logistics firms TCI and Transmar and maritime services provider Safina. It has also landed an agreement to develop, operate, and manage three cruise terminals in Hurghada, Safaga, and Sharm El Sheikh and another for a planned roll-on, roll-off ship terminal and cruise terminal in Ain Sokhna Port.
