10/06/2026 05:49 AST

AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, today launched trial operations at Noatum Ports - Safaga Terminal in Egypt ahead of the terminal's full operational launch later this year.

Lieutenant-General Eng Kamel El Wazir, Minister of Transport - Egypt; and Captain Mohamed Juma Al Shamisi - Managing Director and Group CEO of AD Ports Group; along with senior officials have conducted a site tour of the new multipurpose terminal in Safaga Port - Egypt.

The officials reviewed the terminal's operations, systems, and processes, which are designed to ensure full operational readiness and the seamless delivery of services in accordance with the highest international standards. The Noatum Ports - Safaga Terminal is being delivered under a 30-year concession agreement signed in 2023 for the development and operation of the multipurpose terminal, in partnership with Egypt's Red Sea Ports Authority (RSPA).

Lt Gen El-Wazir said: "We commend the productive partnership with AD Ports Group to deliver a range of strategic maritime port projects along the Red Sea, as well as across various sectors of the maritime transport industry. Safaga Terminal serves as a key gateway for the development of Upper Egypt and will play a vital role in supporting the mining activities associated with the Golden Triangle Economic Zone, facilitating import and export operations, and enabling development projects across Northern, Central, and Southern Upper Egypt through enhanced connectivity with the port. This development is also expected to attract investments across industrial, logistics, warehousing, processing, and assembly sectors, while strengthening container and cargo transportation capabilities throughout the region, further supporting economic growth and trade development."

Capt Al Shamisi said: "Egypt is one of the Group's most important international markets, and serves as a major trade gateway along the Group's global network, spanning Asia, the Middle East, Africa, and South America. With strategic access to the Red Sea, Noatum Ports - Safaga Terminal reinforces our position as an enabler of trade across key waterways. We look forward to the full operational launch of our new terminal later this year, which represents another major step in our cooperation with our partners in Egypt, in line with the vision of our wise leadership."

The Noatum Ports - Safaga Terminal will span approximately 810,000 sq m, featuring a 1,000-metre quay wall designed to handle up to 450,000 TEUs, alongside 5 million tonnes of dry bulk and general cargo, 1 million tonnes of liquid bulk, and 50,000 CEUs of Ro-Ro cargo.

The terminal is set to be the first internationally operated port terminal in the Upper Egypt region of southern Egypt, serving as a key gateway for the region and strengthening connectivity across Egypt, the Middle East, Africa, and global shipping routes.

Egypt and the Red Sea are a focus of AD Ports Group's expanding global network of integrated trade, transport, and logistics facilities. In April 2026, Noatum Ports, the international ports operating arm of AD Ports Group confirmed the delivery of three new ship-to-shore (STS) and six rubber tyred gantry (RTG) cranes to its new multipurpose terminal in Safaga.

Beyond its container feeder shipping and stevedoring services, the group recently announced the commencement of cruise services at its three terminals in Sharm El Sheikh, Hurghada, and Safaga in Egypt, in addition to facilitating ferry services connecting Safaga and NEOM ports to support transport of Hajj workers between Egypt and Saudi Arabia.

The group is also developing the 20 sq km KEZAD East Port Said Industrial and Logistics Park with Egyptian partners at the Mediterranean gateway of the Suez Canal.

In November 2025, AD Ports Group invested 13.2 billion Egyptian pounds ($279 million) to acquire a 19.3% stake in one of Egypt's largest container terminal operators, Alexandria Container & Cargo Handling Company (ALCN), and subsequently moved to acquire a majority stake in the company.


Trade Arabia

AD Ports, Dajin Heavy Industry to explore offshore wind and maritime opportunities

17/06/2026

AD Ports Group, a leading global enabler of trade, industry, and logistics solutions, has signed a memorandum of understanding (MoU) with Dajin Heavy Industry Co, a leading offshore wind equipment ma

Trade Arabia

AD Ports enters Latin America with $835m Brazil terminal deal

03/06/2026

Abu Dhabi's AD Ports Group has entered the Latin American market through the acquisition of Brazil's Corredor Logistica e Infraestrutura, a leading independent agri-bulk port terminal operator, in a

Arab News

AD Ports, NYU Abu Dhabi to develop AI system for smarter port operations

01/06/2026

Abu Dhabi Ports Group and NYU Abu Dhabi are partnering to develop an artificial intelligence-powered system designed to improve ship arrival planning, berth allocation and port efficiency.

T

Gulfnews

Ticker Price Volume
ADPORTS Sector Market
P/E
Price/BookValue
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
ALPHADHABI 8.24 0.11 (1.35%)
MODON 3.16 0.05 (1.60%)
ADNOCLS 6.15 0.06 (0.98%)
SALIK 6.10 0.15 (2.52%)
AIRARABIA 5.89 0.33 (5.93%)
InvestGB expands access to private equity opportunities through partnership with CVC

22/06/2026

Gulf Capital Investment Company KSCC "InvestGB", the investment arm of Gulf Bank, announced the expansion of its private equity investment offering through its strategic partnership with CVC, structu

Kuwait Times

Al Ansari Financial Services reaches 1,000 UAE national employees milestone

22/06/2026

Al Ansari Financial Services (AAFS), a leading financial institution in the GCC, has reached a milestone of 1,000 UAE national employees across its businesses, reflecting one of the largest Emiratisa

Trade Arabia

Bank Nizwa backs landmark Oman India Fertiliser Company share sale

22/06/2026

Leading Omani bank Nizwa has joined the initial public offering (IPO) of Oman India Fertiliser Company (Omifco) as a collecting bank, expanding its involvement in the sultante's capital markets follo

Trade Arabia

Knowledge Economic City gets funding for Islamic World District project

19/06/2026

Knowledge Economic City has announced that it has secured a SAR150 million ($40 million) shariah-compliant financing facility from Saudi-based Riyad Bank to fund construction work on the first phase

Trade Arabia

e& plans world's first commercial U6GHz network in UAE

19/06/2026

e& UAE today announced it has awarded a contract to a strategic infrastructure partner to roll out the world's first commercial mobile network using Upper 6GHz (U6GHz) 256TRX Giga-MIMO technology. <

Trade Arabia