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

CAIRO (Reuters) – 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.

The 810,000 square metre project will have a dock length of 1,100 metres and a depth of 17 metres, the statement said.

($1 = 30.8500 Egyptian pounds)

(Reporting by Momen Saeed Atalla; Writing by Ahmed Elimam; Editing by Hugh Lawson and David Goodman)