{"id":907,"date":"2024-06-12T09:48:00","date_gmt":"2024-06-12T09:48:00","guid":{"rendered":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/?p=907"},"modified":"2026-06-16T09:50:10","modified_gmt":"2026-06-16T09:50:10","slug":"ad-ports-group-and-red-sea-port-authority-sign-three-concession-agreements","status":"publish","type":"post","link":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/2024\/06\/12\/ad-ports-group-and-red-sea-port-authority-sign-three-concession-agreements\/","title":{"rendered":"AD Ports Group and Red Sea Port Authority Sign Three Concession Agreements to Strengthen Egypt\u2019s Cruise Tourism Sector at Safaga, Hurghada and Sharm El Sheikh Ports"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"","protected":false},"author":56,"featured_media":908,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_trash_the_other_posts":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"editor_notices":[],"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\nConcession Agreements to Boost Egypt's Cruise Tourism - ADPortsGroup<\/title>\n<meta name=\"description\" content=\"Egypt's cruise tourism sector will be strengthened as AD Ports Group (ADX:ADPORTS) and Red Sea Port Authority have signed three concession agreements. 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Ports Group also Initialled two other Concession Agreements with the General Authority of the Suez Canal Economic Zone for Ro-Ro and Cruise Terminals in Sokhna Por<\/em>t<\/p>\n<p><strong>Abu Dhabi, UAE \u2013 12 June 2024<\/strong>: AD Ports Group (ADX:ADPORTS), a leading global facilitator of logistics, industry and trade today signed a definitive concession agreement with the Red Sea Ports Authority (RSPA) to develop, operate and manage three cruise terminals at Safaga, Hurghada, and Sharm El Sheikh ports.<\/p>\n<p>AD Ports Group\u2019s total investment of USD 4.7 million over the next 15 years will cover management and operations of the three cruise terminals - expected to be operational in 2025 - to provide new services, improve access for cruise operators and add new itineraries through the Group\u2019s cruise terminal network in the red sea. This agreement further strengthens AD Ports Group\u2019s cruise business in the Red Sea region, supports volumes of cruise passengers and elevates passenger and cruise experiences.<\/p>\n<p>The definitive agreement was signed at the Egyptian Cabinet headquarters in Cairo in the presence of His Excellency Dr. Mostafa Madbouly, Egypt\u2019s Prime Minister, His Excellency Lieutenant-General Eng. Kamel El Wazir, Egypt\u2019s Minister of Transport; Her Excellency Mariam Al Kaabi, Ambassador of the UAE to Egypt, and Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, by Ahmed Al Mutawa, Regional CEO, AD Ports Group; and Major General Osama Saleh, Vice- Chairman of the Board of Directors of the Red Sea Port Authority.<\/p>\n<p>Furthermore, AD Ports Group and the General Authority of the Suez Canal Economic Zone (SCZONE) initialled two 30-year concession agreements for the development, management, and operations of a Ro-Ro terminal and a cruise terminal at Sokhna Port.<\/p>\n<p><strong>Captain Mohammed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group<\/strong>, said: \u201cWe\u2019re happy to build upon our initial agreement signed earlier in January. Today\u2019s signings reaffirm our commitment to bolstering the cruise tourism sector in the Red Sea, through providing world-class facilities and services to passengers, while further strengthening bilateral ties between the UAE and Egypt, in line with the vision of our wise leadership.\u201d<\/p>\n<p>He added: \u201cSokhna is strategically positioned on the western shore of the Gulf of Suez. We are keen on collaborating with our partners at the General Authority of the Suez Canal Economic Zone to fulfil the region\u2019s requirement for prime Cruise and Ro-Ro services.\u201d<\/p>\n<p>The agreements reaffirm strong bilateral ties between the two nations and follow a definitive concession agreement signed in December 2023 with the Red Sea Ports Authority (\u201cRSPA\u201d) for the development and operations of a multi-purpose terminal at Safaga Port, bound to be the first internationally operated port serving the Upper Egypt region with investment of US$ 200 million made over three years.<\/p>\n<div><\/div>\n","show_read_more":"0","content_for_read_more":""},"_links":{"self":[{"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/posts\/907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/comments?post=907"}],"version-history":[{"count":1,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/posts\/907\/revisions"}],"predecessor-version":[{"id":909,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/posts\/907\/revisions\/909"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/media\/908"}],"wp:attachment":[{"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/media?parent=907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/categories?post=907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wpvip.adportsgroup.com\/adportsgroup\/wp-json\/wp\/v2\/tags?post=907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}