Egypt’s Suez Canal Economic Zone has signed a 50-year concession deal with Abu Dhabi Ports Group (AD Ports) to establish a 20-square km logistics and industrial zone east of Port Said.
AD Ports will invest $120 million in the initial development and feasibility studies, covering an area of 2.8 square km over three years.
The project includes a 1.5-km quay and a potential multipurpose cargo terminal.
This agreement is part of AD Ports’ growing investments in Egypt’s maritime and logistics infrastructure, following acquisitions of Egyptian maritime companies and long-term concessions for port development and operations.
