UAE port operator the AD Ports Group and the Red Sea Ports Authority (RSPA) of Egypt have entered into a definitive concession agreement for the development, operation, and management of three cruise terminals at Safaga, Hurghada, and Sharm El Sheikh ports. The AD Ports Group's total investment of US$4.7 million over the next 15 years will cover management and operations of the three cruise terminals, which are scheduled to become operational in 2025.
The concession entails the provision of new services, improving access for cruise operators, and adding new itineraries. The terminals will be added to the AD Ports Group's cruise terminal network in the Red Sea.
The new concession follows a definitive concession agreement signed in December 2023 between the AD Ports Group and the RSPA for the development and operations of a multi-purpose terminal at Safaga Port. The partners expect this facility to be the first internationally-operated port serving the Upper Egypt region with an investment of US$200 million made over three years.
