{"id":83215,"date":"2024-12-19T00:00:00","date_gmt":"2024-12-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/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\/logistics\/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":"

AD Ports has tapped Egypt\u2019s Hassan Allam Construction to build the <\/strong>infrastructure for its Noatum Ports in Egypt\u2019s Safaga terminal on the Red Sea<\/strong>, according to a joint statement (pdf)<\/a>. Financial details and a definitive timeline for construction have not been disclosed.<\/p>\n

Developments are heating up: <\/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

Strengthening Egypt ties: <\/strong>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<\/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":"

The Emirati port developer has invested some USD 349 mn in Egypt over the last three years<\/p>\n","protected":false},"author":1,"featured_media":83216,"comment_status":"","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":[38],"tags":[168,49,37,134],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ports","tag-ad-ports","tag-egypt","tag-ports","tag-projects","wpautop","entry"],"acf":{"mongo_id":"c13a5d18-da7f-4713-900f-c2a1c673bd34","order":"3","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","related_issue":[83210],"teaser":"The Emirati port developer 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\/.340f10eb-d744-4e67-964b-903ec67ef951.mp3"},"yoast_head":"\nAD Ports taps Hassan Allam Construction for Safaga terminal infrastructure - Logistics<\/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\/logistics\/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=\"The Emirati 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