AD Ports Group sign three cruise concession agreements

2024-06-28T17:55:58+00:00 June 28th, 2024|Ports|

AD Ports Group, has signed a concession agreement with the Red Sea Ports Authority (RSPA) to develop, operate and manage three cruise terminals at Safaga, Hurghada, and Sharm El Sheikh.

A total investment of $4.7 mill over the next 15 years will cover management and operations of the three cruise terminals – expected to be operational in 2025 – to provide new services, improve access for cruise operators and add new itineraries through the Group’s cruise terminal network in the Red Sea.

This agreement further strengthens AD Ports Group’s cruise business in the Red Sea region, supports volumes of cruise passengers and elevates passenger and cruise experiences, the company said.

A definitive agreement was signed at the Egyptian Cabinet headquarters in Cairo in the presence of HE Dr Mostafa Madbouly, Egypt’s Prime Minister, HE Lieutenant General Eng Kamel El Wazir, Egypt’s Minister of Transport; HE Mariam Al Kaabi, UAE Ambassador to Egypt, and Capt Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, by Ahmed Al Mutawa, Regional CEO, AD Ports Group; and Major General Osama Saleh, RSPA’s Vice Chairman of the Board of Directors.

In addition, AD Ports and the General Authority of the Suez Canal Economic Zone (SCZONE) initiated two 30-year concession agreements for the development, management, and operations of a ro-ro terminal and a cruise terminal at Sokhna Port.

Capt Mohammed Juma Al Shamisi, said: “We’re happy to build upon our initial agreement signed earlier in January. Today’s signings reaffirm our commitment to bolstering the cruise tourism sector in the Red Sea, through providing world class facilities and services to passengers, while further strengthening bilateral ties between the UAE and Egypt, in line with the vision of our wise leadership.

“Sokhna is strategically positioned on the western shore of the Gulf of Suez. We are keen on collaborating with our partners at the General Authority of the Suez Canal Economic Zone to fulfil the region’s requirement for prime Cruise and ro-ro services,” he added.