Egypt agrees with AD Ports to develop Red Sea tourism terminals (updated)

CTF Services

04/01/2024 18:48

(Adds details, background)
       CAIRO, Jan 4 (Reuters) - Egypt initialed an agreement
with Abu Dhabi's AD Ports Group  ADPORTS.AD  to develop, operate
and maintain terminals for passengers and cruise lines at the
Red Sea ports of Hurghada, Safaga and Sharm El Sheikh, its
transport ministry said on Thursday.
    The contract will also commit AD Ports Group to develop
yacht and cruise ship tourism in Egypt, the ministry statement
said.
    "This contract will contribute to operating cruise lines
between Zayed Port and Safaga, Hurghada and Sharm El-Sheikh and,
later, Arabian Gulf ports, Aqaba and Europe and Asia," the
statement added, without giving the value or duration of the
contract.
    Egypt last week signed an agreement with AD Ports for the
operation and maintenance of a multipurpose terminal at Safaga
that will accommodate 1 million containers annually and receive
7 million metric tons of goods.  

 (Reporting by Moemen Said Atallah; Writing by Patrick Werr;
Editing by Jan Harvey and Tomasz Janowski)
 ((Hatem.Maher@thomsonreuters.com;))