Hassan Allam appointed for major Red Sea terminal project

This terminal, located along the Red Sea coast, will be the first internationally operated port facility in Upper Egypt.

The new terminal, covering an area of approximately 810,000 square metres, is designed to handle a container capacity of 450,000 TEUs, five million tons of dry bulk and general cargo, and one million tons of liquid bulk.

The facility will also feature roll-on/roll-off (Ro-Ro) capabilities with a capacity for 50,000 CEUs and essential infrastructure, including administration buildings, workshops, and extensive security systems.

“We are delighted to sign this construction agreement today with Hassan Allam Construction to build Noatum Ports - Safaga Terminal, which will create a new source of economic growth for the people in the region, in line with the wise vision of our leadership in the UAE,” said Mohamed Juma Al Shamisi, managing director and CEO of AD Ports Group.

“We are thrilled to work with AD Ports Group, one of the fastest growing trade, transport, and logistics groups in the Middle East, to deliver this key addition to Egypt’s maritime and ports infrastructure,” said Hassan Allam, CEO of Hassan Allam Holding.

The Safaga Terminal project is part of approximately $349-million investments made by AD Ports Group in Egypt in the past three years. The investments include acquiring maritime companies and plans for additional terminals in Ain Sokhna, Safaga, Hurghada, and Sharm El-Sheikh.

According to the Egyptian Commercial Service, the UAE is Egypt’s second-largest trading partner and largest international investor, with $9.6 billion invested in 2023. The two countries are further strengthening their economic ties, as evidenced by a landmark agreement in February 2024, which will see the UAE invest $35 billion in developing the Ras El-Hekma coastal region.