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AD Ports launches Red Sea cruise and Neom ferry services

Plus: Heliopolis Housing secures a EGP 1.5 bn short-term credit facility from Banque du Caire

AD Ports Group has launched new ferry operations connecting Safaga to Saudi Arabia’s Neom alongside new passenger cruise services across its three Red Sea terminals in Sharm El Sheikh, Hurghada, and Safaga, according to a statement. The rollout follows a 15-year concession agreement with Egypt’s Red Sea Ports Authority to develop, manage, and operate the three cruise terminals and associated ferry operations.

Why this matters: The Safaga-Neom ferry route comes as Gulf and Egyptian logistics players increasingly explore Egypt’s role as a regional backup corridor linking Europe and Gulf Markets. During the Hormuz disruptions, cargo moved through Damietta, across Egypt to Safaga, and onward by ferry into Neom — highlighting how Red Sea ferry and port infrastructure could become part of wider regional supply chain resilience planning.

Also on our radar

  • Heliopolis Housing has secured an EGP 1.5 bn short-term credit facility from Banque du Caire, which will be used to optimize short-term liquidity management while funding the company's project expansion. (EGX disclosure)
  • Swedish AI sports tech firm PlayReplay is eyeing expansion into Egypt and the GCC following a USD 12 mn investment round to scale its real-time tennis-tracking platform. (Press release, pdf)
  • The African Export-Import Bank is backing efforts to position Egypt as a continental re-export hub, proposing a joint program with state authorities to accredit export-trading companies to distribute Egyptian goods across Africa. (Statement)