AD Ports signs framework agreement to build, operate and transfer East Port Said economic zone

AD Ports Group has signed a framework agreement with the Egyptian government to explore building, operating and transferring an economic zone in East Port Said.

Under the framework agreement, AD Ports Group and the Suez Canal Economic Zone (SC Zone) will explore the building, operation, and transfer (BOT) of the East Port Said Industrial Zone near the Mediterranean entrance to the Suez Canal.

It will be the first of its kind to serve the Mediterranean region, according to AD Ports, and the agreement follows a preliminary agreement signed with SC Zone in March 2023.