Freight News, Sea

AD Ports signs Egypt deal

[ March 30, 2022   //   ]

AD Ports Group has signed a Memorandum of Understanding (MoU) with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation to develop and operate Ain Sokhna Port. AD Ports Group will manage a research study six months, while the Egyptian Group will provide the necessary data. A second MoU, signed with the Egyptian Group for Multi-Purpose Terminals and the River Transport Authority, will allow for collaboration 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.