AD Ports Group secures USD 115m IFC-led financing for Safaga Terminal

AD Ports Group has secured a USD 115 million project finance facility to support the development of the Noatum Ports – Safaga Terminal in Egypt.

The financing is led by the International Finance Corporation (IFC), with participation from National Bank of Kuwait – Egypt (NBK Egypt) and other institutional investors through IFC’s co-lending programme.

The facility has a 15-year tenor and reflects strong international confidence in both AD Ports Group’s execution capabilities and Egypt’s strategic role in global trade.

The transaction has received the required approvals, with financial close expected in Q1 2026, subject to customary conditions.

The funding supports AD Ports Group’s strategy to use long-term, multilateral-backed financing for the development of major infrastructure assets in emerging markets.

The Noatum Ports – Safaga Terminal is a USD 200 million project located on Egypt’s Red Sea coast. It will become the first internationally operated port terminal in Upper Egypt. The terminal is a key part of the Group’s international expansion strategy across high-growth trade corridors.

AD Ports Group continues to expand its footprint in Egypt across container shipping, terminal operations, maritime agency services, and cargo handling. The Group is also developing cruise terminals in Safaga, Hurghada, and Sharm El Sheikh.

In 2025, AD Ports Group further strengthened its presence through a 50-year renewable usufruct agreement to develop and operate KEZAD East Port Said, a 20 sq km industrial and logistics park at the Mediterranean entrance of the Suez Canal.

The Group has also acquired a 19.3% stake in Alexandria Container & Cargo Handling Company (ALCN), one of Egypt’s largest terminal operators. It has announced plans to launch a mandatory tender offer to increase its shareholding and gain majority control. ALCN operates two major terminals at Alexandria and El-Dekheila, further supporting AD Ports Group’s expansion in the Mediterranean.

The Safaga financing reinforces AD Ports Group’s long-term commitment to Egypt and positions the Group as a key facilitator of trade across the Red Sea and Mediterranean regions, while supporting regional connectivity, economic growth, and sustainable logistics development.

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