AD Ports agrees to set up logistics zone in Egypt

AD Ports Group has signed a 50-year concession agreement with Egypt’s Suez Canal Economic Zone to establish a major logistics and industrial hub spanning 20 square kilometers east of Port Said. The agreement grants AD Ports the rights to develop, finance, build, operate, and manage the zone in multiple phases.

The project’s initial phase, covering 2.8 square kilometers, will be rolled out over three years with an investment of $120 million dedicated to feasibility studies and early development. Construction is expected to begin by the end of this year. Key regional partners, including leading construction firm Hassan Allam Holding, will support the rollout. The same firm is also working with AD Ports on a new multipurpose terminal in Safaga, located on Egypt’s Red Sea coast.

AD Ports Group, which operates in over 50 countries, manages 34 terminals, a fleet of 250 vessels, and over 550 square kilometers of industrial and commercial real estate. Since 2022, the company has been expanding its footprint in Egypt through strategic acquisitions, including marine agency Safina, port operator TCI, and regional shipping firm Transmar.