AD Ports Group has secured a $115 million project financing facility to support the development of Noatum Ports Safaga Terminal in Egypt. The company said the funding is part of its plan to expand its port and logistics infrastructure across international markets.
The financing is supported by the International Finance Corporation through the Co-Lending Portfolio Program managed by IFC with participation from the National Bank of Egypt and Kuwait and other institutional investors. The contract term for this facility is 15 years. The company said the transaction has received approval and is expected to close in the first quarter of 2026, subject to precedent conditions.
The company said the agreement is in line with its approach to using multilaterally supported financing structures to finance infrastructure projects in emerging markets. Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said: “This IFC-backed project financing facility is an investment in our company’s portfolio of financing 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 strengthens our growing presence in Egypt, a strategically important market for global supply chains.”
Makhtar Diop, IFC Managing Director, said: “Strengthening trade is key to stimulating economic development. This transaction shows that IFC can be a strategic enabler for south-south investment. This project will strengthen Egypt’s position as a central trade hub, reduce costs for local businesses and create quality jobs, while reinforcing the UAE’s position as a regional growth engine and partner for deeper economic integration.”
Yasser El Tayeb, Vice Chairman, CEO and Managing Director of NBK Egypt, said: “This ground-breaking financing underscores NBK Egypt’s commitment to supporting strategic infrastructure projects that drive sustainable economic growth as well as the environmental impact of reducing CO₂ emissions.”
The Northum Ports Safaga Terminal is a $200 million project located on Egypt’s Red Sea coast. The facility will be the first port terminal in Upper Egypt operated by an international company. AD Ports Group said the terminal is part of its plan to build and operate port assets across trade corridors, positioning Egypt as one of its international markets.
The group’s activities in Egypt include container transport, terminal and cargo handling operations, and maritime agency services. And cargo handling. It is also developing cruise terminals in Safaga, Hurghada and Sharm el-Sheikh. In 2025, the company signed a 50-year renewable usufruct agreement to develop and operate KEZAD East Port Said, a 20 square kilometer industrial and logistics park at the gateway to the Suez Canal.
AD Ports Group also acquired a 19.328% stake in Alexandria Container and Cargo Handling Company. The company announced plans to launch a mandatory cash tender offer to acquire additional shares for majority ownership and control. The terminals operated by ALCN in Alexandria and El Dequeira are expected to complement the group’s expansion plans in Egypt.
