AD Ports Group has signed a Memorandum of Understanding (MoU) with the Egyptian Group for Multipurpose Terminals for the deployment and operation of a multipurpose terminal in Safaga Port.
Under the MoU, AD Ports Group will explore investment opportunities and conduct feasibility and local market studies related to developing and operating the terminal.
Saif Al Mazrouei, head of ports cluster at AD Ports Group, said: “The strategic location of Safaga Port on the Red Sea holds great potential for a significant role within the global supply chain.
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