AD Ports Group (ADPORTS) announced on Thursday that signed a 15-year concession agreement with Egypt’s Red Sea Ports Authority (RSPA) to develop, operate and manage three cruise terminals at Safaga, Hurghada, and Sharm El Sheikh ports.

ADPORTS will invest $4.7 million over the concession period on the management and operations of the three cruise terminals, expected to be operational in 2025, the Group said in a statement issued via the Abu Dhabi Media Office.

ADPORTS also signed two 30-year concession agreements with the General Authority of the Suez Canal Economic Zone (SCZONE) for the development, management, and operations of a Ro-Ro terminal and a cruise terminal at Sokhna Port.

In December last year, the Group had signed a concession agreement with RSPA for the development and operations of a multi-purpose terminal at Safaga with investment of $200 million over three years.

(Editing by Anoop Menon) (

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