Abu Dhabi Ports to invest $500 million in Egypt by 2022

By Amwal Al Ghad English On Nov 9, 2021

State-owned Abu Dhabi Ports (ADP) plans to invest up to $500 million in Egypt by 2022, its chief executive said on Tuesday.

Saif Al Mazrouei further told in an interview with CNBC Arabia that his company seeks to win the contracts for two upcoming port development projects in Tenth of Ramadan dry port and the Safaga port.

“The company plans to launch more projects in several sectors in Egypt.” Al Mazrouei said.

Abu Dhabi Ports Egypt's investment climate

Orascom Development Holding aims to lower its CHF 454 million debt portfolio – exec director

Egypt’s stocks end mixed, benchmark EGX 30 adds 0.79% on Tuesday