Independent journal on economy and transport policy
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AD Ports signs an agreement to build a multipurpose terminal in the Egyptian port of Safaga
Memorandum of understanding with EGMPT
November 10, 2021
The Emiratense port group Abu Dhabi Ports has signed a
memorandum of understanding with the Egyptian Group for Multipurpose
Terminals (EGMPT), an Egyptian public company
alexandria seaport general authority with (34%), suez
Canal Authority (33%) and the Holding Company for Maritime and Land
Transport of the Ministry of Transport of Cairo (33%), for the
development and management of a multipurpose terminal in the port
Egyptian of Safaga. "The strategic location of the port of
Safaga on the Red Sea - underlined the head of the
Ports Cluster division of AD Ports, Saif Al Mazrouei, on occasion
of the signing of the agreement - has great potential to cover a
a significant role in the global supply chain."
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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