Plans to develop Egypt’s maritime sector

AD Ports and Egyptian Ministry of Transportation sign MoU

Plans are underway to develop the maritime sector in Egypt.

AD Ports Group has signed a Memorandum of Understanding (MoU) with the commercial arm of the Egyptian Ministry of Transportation, the Egyptian Group for Multipurpose Terminals to oversee the development and operation of Egypt’s Ain Sokhna Port and the maritime sector in Egypt.

The two organisations have agreed to work closely together to conduct a feasibility study into the future development of Ain Sokhna Port, exploring potential investment opportunities to enhance its capacity and capabilities. This will enable the port to target untapped market segments and establish new revenue streams.

AD Ports Group will manage the research study for Ain Sokhna Port, over six months, while the Egyptian Group for Multipurpose Terminals will support the project with the provision of financial, technical, environmental, commercial, and operational data necessary to ensure the study’s successful conclusion.

A second MoU, signed with the Egyptian Group for Multi-Purpose Terminals and the River Transport Authority, will see the parties collaborate on three main projects including building and operating a river port in Minya; managing and operating warehouses in Damietta; and equipping, managing and operating passenger lines in Greater Cairo.

The signing took place on the side-lines of the eleventh session of the International Conference on Maritime Transport and Logistics (Marlog 11).

Present at the signing of the MoU were: His Excellency the Egyptian Minister of Transport, Lieutenant-General Eng. Kamel el Wazir and Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group. It was signed by Saif Al Mazrouei, Head of Ports Cluster at AD Ports Group and Rear Admiral Abdul Qadir Darwish, Chairman of the Egyptian Group for Multipurpose Terminals and Admiral/ Mofed Salah Shehata – Chairman and CEO of River Transport Authority.