This will serve as a link between the Red Sea and the Mediterranean Sea ports
The Egyptian government is planning to build a logistics zone with investments of $50 million, behind the Safaga sea port, to be a hub for collecting and unloading goods to and from the high-speed train.
This will serve as a link between the Red Sea and the Mediterranean Sea ports, according to unnamed government sources who spoke to Asharq Bloomberg.
The proposed initial area of the logistics zone that will be funded by the government is 100 acres. Coordination is currently underway between the Red Sea Governorate and the National Center for Planning State Land Uses to transfer ownership of the land and develop final designs for the project.
The project is expected to be launched in parallel with the Abu Dhabi Ports Group launch of the Safaga 2 terminal.
Earlier in December, Egypt’s Red Sea Port Authority (RSPA) signed a contract with AD ports to build and develop of a multi-purpose terminal at Safaga Sea Port with $200 million in investments over 3 years.
In January, AD Ports Group also signed a 15-year concession agreement with the Red Sea Port Authority (RSPA), to operate and manage three cruise terminals at Safaga, Hurghada, and Sharm El Sheikh Ports. AD Ports Group will invest $3 million over 15 years in the management and operation of the three cruise terminals.
