Abu Dhabi Ports Group to operate Egypt's new Safaga terminal

Egypt signed an agreement with Abu Dhabi Ports Group on Wednesday for the operation and maintenance of a multipurpose terminal at Safaga port, a cabinet statement said.

The new Safaga 2 terminal will accommodate 1 million containers annually and will receive 7 million metric tons of goods, said Egyptian transport minister Kamel al-Wazir.

The ministry has invested 3.6 billion Egyptian pounds ($116.7 million) to develop Safaga port, the minister added.