AD Ports Group signs agreements for managing Ain Sokhna Port operations, management and operation of river port in Minya

AD Ports Group signs agreements for managing Ain Sokhna Port operations, management and operation of river port in Minya

WAM: To further develop Egypt’s maritime industry, AD Ports Group has signed a Memorandum of Understanding (MoU) with the Egyptian Group for Multi-purpose Terminals, the commercial arm of the Egyptian Ministry of Transportation, to jointly oversee the development and operation of Egypt’s Ain Sokhna Port and discuss cooperation to develop the maritime sector in Egypt.

Under the agreement, the two organisations will work closely to conduct a feasibility study into the future development of Ain Sokhna Port, explore potential investment opportunities to enhance its capacity and capabilities, which will enable the port to target untapped market segments and establish new revenue streams.

The AD Ports Group will manage the research study for Ain Sokhna Port, which is expected to be conducted over six months, while the Egyptian Group for Multi-purpose Terminals will support the provision of financial, technical, environmental, commercial, and operational data necessary to ensure the study’s successful conclusion.