{"id":578708,"date":"2023-01-11T04:07:20","date_gmt":"2023-01-11T04:07:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/11\/adqs-abu-dhabi-ports-looks-to-invest-in-suez-port\/"},"modified":"2023-01-11T04:07:20","modified_gmt":"2023-01-11T04:07:20","slug":"adqs-abu-dhabi-ports-looks-to-invest-in-suez-port","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/11\/adqs-abu-dhabi-ports-looks-to-invest-in-suez-port\/","title":{"rendered":"ADQ\u2019s Abu Dhabi Ports looks to invest in Suez Port"},"content":{"rendered":"

<\/a> ADQ-owned Abu Dhabi Ports Company is in talks with the Madbouly <\/strong>government to take over the development and management of the Suez Port<\/strong>, Bloomberg Asharq<\/a> reports citing anonymous sources it claims are familiar with the conversations. ADP would run the port under a usufruct contract.<\/p>\n

Third port\u2019s a charm: <\/strong>ADP has been pushing aggressively into Egypt\u2019s maritime sector. The company was selected in March to build and run a terminal at the port of Sokhna<\/a> and is bidding to build a new terminal at Safaga port<\/a>. ADP also acquired a 70% stake in local shipping and logistics firm International Associated Cargo Carrier<\/a> in September last year for USD 140 mn.<\/p>\n

ADP isn\u2019t the only <\/strong>GCC<\/strong>-based<\/strong> company that has its sights set on our ports:<\/strong> Dubai\u2019s DP World signed an agreement<\/a> to build a USD 80 mn logistics zone at Ain Sokhna Port.<\/p>\n

Meanwhile, Qatar\u2019s sovereign wealth fund is interested in Safaga port, with the Qatar Investment Authority<\/a> reportedly in talks with the Madbouly government late last year to develop and manage the port under a 25-year contract.<\/p>\n

The government has been keen to emphasize that the nation\u2019s ports are not up for sale:<\/strong> Amid a backlash from some opposition MPs over the government\u2019s privatization plans, Transport Minister Kamel El Wazir has reiterated that the government is not selling ports, but rather entering partnerships with both local and foreign private-sector players to manage and operate them.<\/p>\n","protected":false},"excerpt":{"rendered":"

ADQ-owned Abu Dhabi Ports Company is in talks with the Madbouly government to take over the development and management of the Suez Port, Bloomberg Asharq reports citing anonymous sources it claims are familiar with the conversations. ADP would run the port under a usufruct contract. Third port\u2019s a charm: ADP has been pushing aggressively into […]<\/p>\n","protected":false},"author":1,"featured_media":578709,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7278],"tags":[600,299,72,7111,6507],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infrastructure","tag-abu-dhabi-ports","tag-adq","tag-enterpriseam","tag-infrastructure","tag-suez-port","wpautop","entry"],"acf":{"mongo_id":"4b42547f-b6db-49db-b84c-fdc284c61c8c","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/165.jpg","photo_position":"above","related_issue":[578699],"teaser":"","voice_url":""},"yoast_head":"\nADQ\u2019s Abu Dhabi Ports looks to invest in Suez Port - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/11\/adqs-abu-dhabi-ports-looks-to-invest-in-suez-port\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADQ\u2019s Abu Dhabi Ports looks to invest in Suez Port\" \/>\n<meta property=\"og:description\" content=\"ADQ-owned Abu Dhabi Ports Company is in talks with the Madbouly government to take over the development and management of the Suez Port, Bloomberg Asharq reports citing anonymous sources it claims are familiar with the conversations. 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Third port\u2019s a charm: ADP has been pushing aggressively into […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/11\/adqs-abu-dhabi-ports-looks-to-invest-in-suez-port\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-11T04:07:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/165.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/11\/adqs-abu-dhabi-ports-looks-to-invest-in-suez-port\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/11\/adqs-abu-dhabi-ports-looks-to-invest-in-suez-port\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ADQ\u2019s Abu Dhabi Ports looks to invest in Suez Port\",\"datePublished\":\"2023-01-11T04:07:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/11\/adqs-abu-dhabi-ports-looks-to-invest-in-suez-port\/\"},\"wordCount\":251,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/11\/adqs-abu-dhabi-ports-looks-to-invest-in-suez-port\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/165.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Abu Dhabi Ports\",\"ADQ\",\"EnterpriseAM\",\"infrastructure\",\"Suez Port\"],\"articleSection\":[\"Infrastructure\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/11\/adqs-abu-dhabi-ports-looks-to-invest-in-suez-port\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/11\/adqs-abu-dhabi-ports-looks-to-invest-in-suez-port\/\",\"name\":\"ADQ\u2019s Abu Dhabi Ports looks to invest in Suez Port - 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