AD Ports Group and the Crimson Sea Ports Authority have signed a Time period Sheet and a Head of Phrases settlement for main port initiatives alongside Egypt’s shoreline.
The primary settlement will see AD Ports Group develop, function, and handle a multi-purpose terminal in Safaga Port in a consortium with the Crimson Sea Ports Authority and the Egyptian Group for Multipurpose Terminals Firm, the business arm of the Egyptian Ministry of Transportation.
The multi-purpose terminal venture in Safaga Port is a crucial nationwide venture as a consequence of its strategic location on the Crimson Sea. Upon completion in 2024, the terminal will supply berths of as much as 1,000 meters able to dealing with all forms of common, dry and liquid bulk cargo.
As a part of the settlement, the brand new three way partnership will present port customers with a variety of marine companies. These embrace companies associated to vessel visitors administration, harmful items management, provision of navigation aids, hearth prevention and firefighting, anchorage, dredging, in addition to pilotage, towage, and mooring and unmooring options.
The signing ceremony was witnessed by His Excellency Lieutenant-Normal Engineer Kamel El-Wazir, Minister of Transport of Egypt, and signed by Main Normal Mohamed Abdel Rahim, Chairman of the Board of Administrators of the Crimson Sea Ports Authority; Rear Admiral Abdel Qader Darwish, Chairman of the Board of Administrators of the Egyptian Group for Multipurpose Terminals, and Saif Al Mazrouei, CEO of the Ports Cluster, AD Ports Group.
His Excellency Lieutenant-Normal Eng. Kamel El-Wazir, Minister of Transport mentioned: “These agreements are in keeping with the instructions of His Excellency Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, aiming to make Egypt a worldwide commerce and logistics hub by way of the event of Egyptian ports on the Crimson Sea and Mediterranean Sea coasts, and the constructive cooperation between Egyptian and UAE ports.”
Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, mentioned: “In step with our management’s imaginative and prescient to advertise cooperation with fraternal Arab neighbours , we’re happy to increase our strategic relationship with the Egyptian authorities by way of these agreements, which cowl a full vary of companies throughout a number of ports alongside the Crimson Coastline. The Ministry of Transport has bold plans to spice up maritime commerce and transportation, and AD Ports Group stands able to leverage its experience and expertise to help these very important improvement initiatives.”
The second settlement covers the event, operation, and administration of cruise ship berths and terminals at Sharm El Sheikh, Hurghada and Safaga ports, and to offer help companies to assist prolong cruise tourism in Egypt. As well as, AD Ports Group will develop plans for cruise ships traces linking Abu Dhabi, Hurghada, Sharm El Sheikh and Aqaba.
Beneath the phrases of the settlement, AD Ports Group can perform improvement work to reinforce the expertise of visiting vacationers.
The memorandum was signed by Main Normal Mohamed Abdel Rahim, Chairman of the Board of Administrators of the Crimson Sea Ports Authority and Saif Al Mazrouei – CEO of the Ports Cluster, AD Ports Group.
The agreements are the most recent in a sequence between AD Ports Group and maritime organisations in Egypt, together with an settlement with the Egyptian Group for Multipurpose Terminals for the joint improvement and operation of Egypt’s Ain Sokhna Port.
Supply: AD Ports Group