Noatum Ports New Multi-purpose Terminal

Objective

The primary objective of the terminal is to modernise Egypt's maritime infrastructure and transform Upper Egypt into a global logistics hub. By providing an efficient trade gateway, the project aims to optimize supply chains and significantly reduce transit times for regional industries. Strategically, it seeks to boost economic growth by attracting international shipping lines and increasing foreign direct investment. Furthermore, the terminal aims to enhance cargo handling capacity up to 5 million tonnes of dry bulk and 450,000 TEUs. This sustainable development supports Egypt's long-term vision of becoming a leading, competitive maritime hub.

Description

The Noatum Ports Safaga Terminal is a USD 200 million greenfield maritime project at Egypt’s Safaga Port, developed by AD Ports Group and Noatum. Spanning 810,000 square meters, this multipurpose facility features a 1,000-meter quay with an 18-meter depth to accommodate large vessels. Equipped with advanced ZPMC hybrid cranes, it handles containers, dry bulk, liquid bulk, and Ro-Ro cargo. Following equipment delivery, trial operations began in June 2026 ahead of its full commercial launch. As the first internationally operated port in Upper Egypt, it establishes a modern, high-capacity logistics hub on the Red Sea coast.""The Safaga 2 terminal is a part of the integrated logistics path Safaga - Qena - Abu Tartur cargo track which will serve Upper Egypt, Minister of Transport Kamel El-Wazir noted, as per a Cabinet statement. El-Wazir stated that the ministry has invested EGP 3.6 billion (about $116 million) in the project."""

Finance