Mubasher: Abu Dhabi Ports Company (AD Ports) has finalized a $115 million project finance facility to support the development of the Noatum Ports-Safaga Terminal in Egypt, according to a press release.
This aligns with the group’s long-term commitment to expanding critical port and logistics infrastructure across its key focus international markets.
The funding is backed by the International Finance Corporation (IFC) with participation from the National Bank of Kuwait-Egypt (NBK Egypt) and other institutional investors through the IFC-managed co-lending portfolio program.
It carries a 15-year tenor and reflects strong international confidence in AD Ports Group’s operational delivery and Egypt’s strategic role in the global supply chain.
Meanwhile, the financial close is expected to take place in the first quarter (Q1) of 2026, subject to the satisfaction of customary condition precedents.
Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports, commented: “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 at IFC, said: "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.”
Yasser El Tayeb, Vice Chairman, CEO & Managing Director, NBK – Egypt, noted: “This landmark financing underscores NBK - Egypt’s commitment to supporting strategic infrastructure projects that drive sustainable economic growth along with having an environmental impact by reducing the CO₂ emissions. Our collaboration with IFC and AD Ports Group reflects our confidence in Egypt’s logistics sector and its long-term potential.”
The UAE-based group’s investments in Egypt include container shipping, terminal and stevedoring activities, and maritime agency and cargo services. It is also developing cruise terminals in the Red Sea ports of Safaga, Hurghada, and Sharm El Sheikh.
In 2025, AD Ports further expanded its portfolio through a 50-year renewable usufruct agreement to develop and operate KEZAD East Port Said, a 20 km² industrial and logistics park at the Mediterranean gateway of the Suez Canal.
