Red Sea Ports Authority awards operating concession for three Egyptian cruise ports

UAE port operator the AD Ports Group and the Red Sea Ports Authority (RSPA) of Egypt have entered into a definitive concession agreement for the development, operation, and management of three cruise terminals at Safaga, Hurghada, and Sharm El Sheikh ports.

The AD Ports Group’s total investment of US$4.7 million over the next 15 years will cover management and operations of the three cruise terminals, which are scheduled to become operational in 2025.

Full story Red Sea Ports Authority awards operating concession for three Egyptian cruise ports

OTHER RECENT POSTS