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Hassan Allam Takes Charge of Groundbreaking Red Sea Terminal Project!

Major Development: New Safaga Terminal Set to Transform Upper Egypt’s Maritime Landscape

In a significant boost to the region’s economy and infrastructure, the Safaga Terminal project is officially underway along the picturesque Red Sea coast of Upper Egypt. This groundbreaking facility marks a major milestone as the first internationally operated port in the area, paving the way for enhanced maritime trade and logistics services in Egypt.

Spanning an impressive 810,000 square meters, the Safaga Terminal is designed to accommodate a remarkable capacity of 450,000 twenty-foot equivalent units (TEUs) in containers. Additionally, the terminal will facilitate the handling of five million tons of dry bulk and general cargo, along with one million tons of liquid bulk—setting the stage for a robust shipping hub catering to a variety of goods.

One of the striking features of the terminal includes roll-on/roll-off (Ro-Ro) capabilities, designed to manage 50,000 cargo equivalent units (CEUs). The facility will be equipped with essential infrastructure such as administration buildings, workshops, and advanced security systems, ensuring efficient and secure operations.

“Our partnership with Hassan Allam Construction to build the Noatum Ports – Safaga Terminal is an exciting development for the region,” expressed Mohamed Juma Al Shamisi, managing director and CEO of AD Ports Group. “This project is not just about constructing a terminal; it’s about creating sustainable economic opportunities that align with the vision of our leadership in the UAE.”

Hassan Allam, CEO of Hassan Allam Holding, echoed this sentiment, stating, “We are enthusiastic about collaborating with AD Ports Group, a key player in the Middle East’s transport and logistics space, to enhance Egypt’s maritime infrastructure.”

The ambitions for the Safaga Terminal are part of a broader strategy by AD Ports Group, which has invested approximately 9 million in Egypt over the last three years. This investment vision includes acquiring maritime companies and promising plans for the development of additional terminals at Ain Sokhna, Safaga, Hurghada, and the vibrant resort town of Sharm El-Sheikh.

The collaboration between Egypt and the United Arab Emirates deepens, as evidenced by the fact that the UAE stands as Egypt’s second-largest trading partner and the country’s biggest international investor, pumping in a whopping .6 billion in 2023 alone. This relationship is set to flourish further, especially following a landmark agreement in February 2024, in which the UAE is set to invest billion in the development of the stunning Ras El-Hekma coastal region.

The Safaga Terminal not only embodies a strategic step toward economic growth but also highlights the potential of international cooperation in elevating the maritime sector in Egypt. As this terminal gears up for operation, it promises to streamline logistics and trade in the region, foster job creation, and bolster regional economic resilience.

Stay tuned for more updates as this vibrant project unfolds!

#Egypt #UAE #WorldNews #BusinessNews #Tourism

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