Leading global logistics operator AD Ports Group (UAE) has secured project financing of 115 million dollars for the construction of the new "Safaga" terminal on the Red Sea. The deal, led by the International Finance Corporation (IFC) and the National Bank of Kuwait (NBK), confirms Egypt’s role as a key link in global trade chains.

The loan agreement is for 15 years. This is not just a loan, but a strategic partnership: IFC acts as a guarantor of trust from international investors, while the banks provide necessary liquidity. The financial closing of the deal is expected to take place in the first quarter of 2026.

The "Safaga" terminal, with a total cost estimated at 200 million dollars, will become the first international-level facility in Upper Egypt. The project addresses several objectives:

• Economic growth: creation of high-tech jobs and reduction of transportation costs for local businesses.

• Infrastructure: strengthening Egypt’s position as a central trade hub between the Mediterranean and Red Seas.

• Ecology: new logistics solutions aimed at optimizing routes and reducing carbon dioxide (CO2) emissions.

Egypt has become one of AD Ports Group’s priority markets. In addition to the Safaga terminal, the company is actively developing cruise ports in Hurghada and Sharm El Sheikh, and also manages a large industrial park in Port Said at the entrance to the Suez Canal. The recent acquisition of shares in the Alexandria Container Company (ALCN) further solidifies the group’s position in the region.

ORIENT