AD Ports Group Appoints Egypt’s Hassan Allam Construction To Build Noatum Ports – Safaga Terminal Infrastructure
Cairo, Egypt – December 18, 2024: AD Ports Group (ADX: ADPORTS), a prominent player in global trade, logistics, and industry, has appointed Hassan Allam Construction, the flagship subsidiary of Hassan Allam Holding and a leading contractor in Egypt and the MENA region, to develop the infrastructure for Noatum Ports – Safaga Terminal. This terminal will be the first internationally operated port facility in Upper Egypt.
The terminal is set to cover approximately 810,000 square meters, featuring a container capacity of 450,000 TEUs, a dry bulk and general cargo capacity of 5 million tonnes, and a liquid bulk capacity of 1 million tonnes. Additionally, it will include Ro-Ro facilities with a capacity for 50,000 CEUs and various common areas. The infrastructure will comprise administration buildings, workshops, warehouses, and security systems, along with extensive developments in roads and utilities.
Key features of the project will include a 48,000 square meter concrete apron and an 80,354 square meter container terminal, supported by necessary infrastructure. There will also be around 66,360 square meters designated for general cargo and break-bulk operations.
Captain Mohamed Juma Al Shamisi, Managing Director and CEO of AD Ports Group, expressed enthusiasm about the construction agreement, stating, “We are delighted to partner with Hassan Allam Construction to build Noatum Ports – Safaga Terminal, which will serve as a new source of economic growth for the region, aligning with the visionary leadership of the UAE.”
Hassan Allam, CEO of Hassan Allam Holding, welcomed the collaboration, emphasizing the significance of the project for Egypt’s maritime infrastructure. He noted, “With over 90 years of experience, we are eager to deliver this large-scale, strategically important project for Egypt.”
The terminal project is part of approximately USD 349 million in investments by AD Ports Group in Egypt over the past three years. This investment includes acquisitions of maritime companies such as Transmar, TCI, and Safina, plans for a Ro-Ro terminal in Ain Sokhna, and long-term concessions to develop and operate cruise terminals in Safaga, Hurghada, Ain Sokhna, and Sharm El-Sheikh.
The UAE stands as Egypt’s second-largest trading partner and its top international investor, with USD 9.6 billion invested in the country in 2023. The trade volume between the two nations reached AED 25.2 billion (USD 6.9 billion) in the same year, according to the UAE Ministry of Economy.
Over 1,600 Emirati companies currently operate in Egypt, and in February 2024, the two countries signed a landmark agreement for the UAE to invest USD 35 billion in developing the Ras El-Hekma coastal region, located 350 km northwest of Cairo.
