AD Ports Group has signed a Memorandum of Understanding (MoU) with the Egyptian Group for Multipurpose Terminals to jointly oversee the development and operation of Egypt’s Ain Sokhna Port.
Under the agreement the two organisations will 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.
Rear Admiral Abdul Qadir Darwish, chairman of the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation, said: “These agreements represent an important step in the field of maritime and river transport in Egypt by developing port operations and establishing and operating logistics areas.
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