AD Ports has tapped Egypt’s Hassan Allam Construction to build the infrastructure for its Noatum Ports in Egypt’s Safaga terminal on the Red Sea, according to a joint statement (pdf). Financial details and a definitive timeline for construction have not been disclosed.

Developments are heating up: 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.

Strengthening Egypt ties: AD Ports has invested some USD 349 mn in Egypt over the last three years when it really began to establish itself in Egypt. 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.

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