Agreement to Promote Cooperation and Partnership, and Exchange of Expertise and Best Practices
Abu Dhabi, United Arabi Emirates: AD Ports Group, a leading facilitator of trade and logistics, has signed a Memorandum of Understanding (MoU) with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation, for the development and operation of a multipurpose terminal in Safaga Port.
The signing was conducted on the sidelines of the 4th Smart Transport, Logistics & Traffic Fair & Forum for the MEA Region (TransMEA 2021), held under the patronage of His Excellency Abdel Fattah El-Sisi, President of the Arab Republic of Egypt. The legal document was signed in the presence of His Excellency Kamel El Wazir, Minister of Transportation in Egypt; by Saif Al Mazrouei, Head of Ports Cluster, AD Ports Group; and Rear Admiral Abdul Qadir Darwish, Chairman of the Egyptian Group for Multipurpose Terminals.
Under the MoU, AD Ports Group will explore investment opportunities and conduct feasibility and local market studies related to developing and operating a multipurpose terminal in Safaga Port, with both parties benefitting from the exchange of expertise and best practices. The MoU aims to support the growth of the Middle East’s industrial and logistics sectors, as well as assist in opening new markets for Egyptian exports via direct maritime routes across the Arabian Gulf, East Asia, and Africa regions. It will also facilitate commercial activities operating within the Golden Triangle and Upper Egypt and will elevate the country’s ability to compete with other nations that manufacture similar industrial products.
Saif Al Mazrouei, Head of Ports Cluster, AD Ports Group, said: “We are pleased to sign this MoU with the Egyptian Group for Multipurpose Terminals, which falls in line with AD Ports Group’s efforts to promote trade relations with Arab sister nations, as well as our commitment to expand regional and global reach as a leading enabler of global trade and logistics.
“The strategic location of Safaga Port on the Red Sea holds great potential for a significant role within the global supply chain. We are confident that the cooperation will prove beneficial for both sides, as it combines the unique characteristics of Safaga Port with the long-standing expertise offered by AD Ports Group in managing and operating maritime terminals, along with the Group’s extensive capabilities in delivering end-to-end services across the entire supply chain.”
Rear Admiral Abdul Qadir Darwish, Chairman of the Egyptian Group for Multipurpose Terminals expressed his appreciation for the newly announced cooperation with AD Ports Group, noting that the MoU will serve as a promising starting point for further collaborations, which will provide a wide range of services beneficial to each nation’s trade and logistics sectors.
Commenting on the MoU, Rear Admiral Darwish, said: “The investment environment in Egypt is rich with opportunities, and it is crucial that we advance and enhance seaports in Egypt so that they become centres for further commercial development, and competitive with other international ports. In turn, this will greatly benefit our nation’s national economy.”
About AD Ports Group:
Established in 2006, AD Ports Group today serves as the region’s premier facilitator of logistics, industry, and trade, as well as a bridge linking Abu Dhabi to the world. Part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, AD Ports Group’ vertically integrated business approach has proven instrumental in driving the emirate’s economic development over the past decade.
Operating several clusters covering Ports, Industrial Cities & Free Zone, Maritime, Logistics, and Digital, AD Ports Group’ portfolio comprises 11 ports and terminals in the UAE and Guinea, and more than 550 square kilometres of industrial zones within Khalifa Industrial Zone Abu Dhabi (KIZAD) and ZonesCorp, the largest integrated trade, logistics, and industrial business grouping in the Middle East.
About the Egyptian Group for Multipurpose Terminals:
EGMPT is the commercial arm of the Ministry of Transport in the design, management and operation of multi-purposes terminals and contributes to 3 Egyptian entities, the Ministry of Transport, the Ministry of Public Business Sector and the Suez Canal Authority.
The company’s first project, “Tahya Misr terminal” on the berths from 55-62 Alexandria port, which is considered one of the important national projects and will play a major role in the development of the port of Alexandria and increase its trading volumes.
EGMPT seeks to contribute to the development of Egyptian ports through the design, management and operation of multi-purpose terminals in the Ports of the Mediterranean and Red Sea in accordance with international standards and provide stevedoring services at international standard rates.