{"id":657386,"date":"2024-12-19T00:00:00","date_gmt":"2024-12-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/19\/ad-ports-taps-hassan-allam-construction-for-safaga-terminal-infrastructure\/"},"modified":"2024-12-19T00:00:00","modified_gmt":"2024-12-19T00:00:00","slug":"ad-ports-taps-hassan-allam-construction-for-safaga-terminal-infrastructure","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/19\/ad-ports-taps-hassan-allam-construction-for-safaga-terminal-infrastructure\/","title":{"rendered":"AD Ports taps Hassan Allam Construction for Safaga terminal infrastructure"},"content":{"rendered":"

Hassan Allam secures another big port construction project: <\/strong>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)<\/a>. Details about the cost of the agreement are yet to emerge.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

Remember: <\/strong>AD Ports will develop and operate<\/a> 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<\/a>. The project \u2014 that was finalized<\/a> in an agreement in late 2023 \u2014 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.<\/p>\n

What they said:<\/strong> \u201cWe 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 \u2013 Safaga Terminal, which will be a key addition to Egypt\u2019s maritime and ports infrastructure on the Red Sea,\u201d Hassan Allam Holding CEO Hassan Allam said. \u201cWith our track record of more than 90 years, Hassan Allam Holding looks forward to delivering this large-scale, strategically important project for Egypt.\u201d<\/p>\n

Data point: <\/strong>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<\/a> and maritime services provider Safina<\/a>. It has also landed an agreement<\/a> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

AD Ports has invested some USD 349 mn in Egypt over the last three years<\/p>\n","protected":false},"author":1,"featured_media":657387,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[8237],"tags":[8646,72,8553,7111,145],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-657386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-logistics","tag-ad-ports","tag-enterpriseam","tag-hassan-allam-construction","tag-infrastructure","tag-logistics","wpautop","entry"],"acf":{"mongo_id":"7115eb41-8fec-4c14-829f-9edf4e55ee70","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1833.jpg","photo_position":"above","homepage_title":"","full_issue_title":"AD Ports taps Hassan Allam Construction for Safaga terminal infrastructure in Egypt","related_issue":[657378],"teaser":"AD Ports has invested some USD 349 mn in Egypt over the last three years","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.e99ac8b4-437a-4233-baf2-984a0d57afc9.mp3"},"yoast_head":"\nAD Ports taps Hassan Allam Construction for Safaga terminal infrastructure - 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\/2024\/12\/19\/ad-ports-taps-hassan-allam-construction-for-safaga-terminal-infrastructure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AD Ports taps Hassan Allam Construction for Safaga terminal infrastructure\" \/>\n<meta property=\"og:description\" content=\"AD Ports has 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Subsidiaries of the wealth funds have submitted bids as part of consortiums with other local\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/220.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546187,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/abu-dhabi-ports-to-build-and-run-safaga-terminal-cruise-ship-infrastructure\/","url_meta":{"origin":657386,"position":3},"title":"Abu Dhabi Ports to build and run Safaga terminal, cruise ship infrastructure","author":"enterpriseam admin","date":"8 May 2022","format":false,"excerpt":"Abu Dhabi Ports to develop and run Safaga terminal in JV with state authorities: Abu Dhabi Ports (ADP) has signed a contract to develop, operate and manage a multi-purpose terminal in Safaga Port as part of a joint venture with the Red Sea Ports Authority and the Transport Ministry\u2019s commercial\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/86.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574523,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/13\/hassan-allam-orascom-construction-to-build-five-towers-in-new-alamein\/","url_meta":{"origin":657386,"position":4},"title":"Hassan Allam, Orascom Construction to build five towers in New Alamein","author":"enterpriseam admin","date":"13 September 2020","format":false,"excerpt":"Orascom Construction and Hassan Allam have won contracts from the New Urban Communities Authority (NUCA) to build five towers in New Alamein, Al Shorouk reports, citing unnamed sources familiar with the matter. Hassan Allam won contracts for three towers while Orascom took home agreements to build two. The towers will\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594934,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/hassan-allam-samcrete-consortium-awarded-6-october-dry-port-tender\/","url_meta":{"origin":657386,"position":5},"title":"Hassan Allam-Samcrete consortium awarded 6 October dry port tender","author":"enterpriseam admin","date":"11 September 2019","format":false,"excerpt":"The Transport Ministry has denied that a consortium of construction firms Hassan Allam and Samcrete has been awarded the contract to build and operate the USD 100 mn 6 October dry port. The local press had claimed Transport Minister Kamel El Wazir reportedly said the consortium had been tapped for\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/657386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=657386"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/657386\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/657378"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/657387"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=657386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=657386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=657386"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=657386"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=657386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}