EGYPT signed an agreement with Abu Dhabi Ports Group for the operation and maintenance of a multipurpose terminal at Safaga port, a cabinet statement said.
The new Safaga 2 terminal will accommodate 1 million containers annually and will receive 7 million metric tons of goods, said Egyptian transport minister Kamel al-Wazir.
The ministry has invested 3.6 billion Egyptian pounds ($116.7 million) to develop Safaga port, the minister added.
The 810,000 square metre project will have a dock length of 1,100 metres and a depth of 17 metres, the statement said.
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