AD Ports Group Signs $115 Million Financing Agreement to Support Safaga Terminal Project in Egypt

Abu Dhabi | February 3, 2026

AD Ports Group announced the signing of a $115 million financing agreement to support the development of the 'Noatum Ports – Safaga Terminal' project in Egypt. The financing is backed by the International Finance Corporation (IFC), National Bank of Kuwait – Egypt, and other investment institutions through a joint lending portfolio managed by IFC, with a 15-year maturity. All necessary approvals have been obtained, and financial closure is expected in the first quarter of 2026, subject to customary conditions.

The group stated that this agreement aligns with its strategy to leverage long-term financing from multilateral institutions, facilitating the execution of strategic infrastructure projects in high-growth markets.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, emphasized that the deal reflects the group's disciplined approach to financing long-term infrastructure projects through international partnerships. He noted that the participation of IFC and National Bank of Kuwait – Egypt demonstrates confidence in the group's growing presence in the Egyptian market and its role in global supply chains.

Makhtar Diop, Managing Director of IFC, stated that the project will enhance Egypt's position as a trade hub, reduce business costs, create high-value jobs, and support regional economic integration.

Yasser El-Tayeb, Vice Chairman, CEO, and Managing Director of National Bank of Kuwait – Egypt, affirmed that the financing underscores the bank's commitment to supporting strategic infrastructure projects that foster sustainable economic growth and deliver positive environmental impact.

The total value of the 'Noatum Ports – Safaga Terminal' project is estimated at $200 million. Located on the Red Sea coast, it will be the first international seaport in Upper Egypt. The project is part of AD Ports Group's strategy to develop and operate high-performance terminals along fast-growing trade corridors, with a particular focus on the Egyptian market.

AD Ports Group's investments in Egypt include container shipping, terminal operations, logistics and maritime services, as well as the development of cruise terminals in Safaga, Hurghada, and Sharm El Sheikh, in addition to industrial and logistics projects and strategic stakes in major port operating companies.