Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
The financing has received the required approvals,
and financial close is
expected to occur in Q1 2026,
subject to the satisfaction of customary conditions precedent.
The funding agreement
supports the Group’s strategy to utilise long-term, multilateral-backed
financing to support the delivery of strategic, international
long-dated infrastructure assets in emerging markets.
Noatum Ports – Safaga
Terminal is located on Egypt’s Red Sea coast and is poised to
be the first internationally operated port terminal in
the Upper Egypt region.
The terminal forms
part of AD Ports Group’s broader strategy to build and
operate high-performance port assets across high-growth
trade corridors, particularly in Egypt, which has become one of the Group’s
most important international markets.
Captain Mohamed Juma
Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “This IFC-backed
project finance facility reflects our prudent approach to
funding long-term infrastructure assets in emerging markets
through multilateral and institutional partnerships.
“The participation
of IFC, NBK – Egypt, and other international investors
supports the development of the Noatum Ports – Safaga Terminal and
reinforces our growing presence in Egypt, a market of strategic
importance to the global supply chain.
“Guided by the vision
of the UAE’s wise leadership, we remain focused on delivering resilient
infrastructure assets that enhance connectivity,
support sustainable economic growth, and create long-term
value for our stakeholders.”
Makhtar Diop, Managing Director, IFC, said: “Enhancing trade is key to
stimulating economic development;
this transaction demonstrates how IFC can be a strategic enabler for South-South investments.
“The project will strengthen Egypt’s position as a central trade hub,
lower costs for local businesses and
create high-quality jobs,
while also reinforcing the UAE’s
position as a regional
growth engine and a partner for deeper economic integration.”
Earlier this
week, AD Ports Group announced the signing
of Heads of Terms (HoT) for the development and operation of a multipurpose
terminal at Matadi Port in the Democratic Republic of Congo.
