The Egyptian government has revealed plans to construct a cutting-edge logistics zone in Safaga, supported by a $50 million investment. This strategic zone will function as a central hub for efficient goods collection and unloading, connecting the Red Sea and Mediterranean Sea ports via a high-speed train. The logistics zone, initially covering 100 acres, will be government-funded, with coordination efforts ongoing between the Red Sea Governorate and the National Center for Planning State Land Uses for land transfer and project finalization. This initiative aligns with the launch of the Safaga 2 terminal by the Abu Dhabi Ports Group, enhancing the region's trade infrastructure and coinciding with a $200 million commitment from the Red Sea Port Authority for a versatile terminal at Safaga Sea Port.
In addition to the logistics zone, the Red Sea Port Authority has recently signed a $3 million investment deal with the AD Ports Group to optimize the management and operation of three cruise terminals in Safaga, Hurghada, and Sharm El Sheikh Ports, as part of a fifteen-year concession agreement. These developments represent significant progress in Egypt's strategy to strengthen its trade capabilities and solidify its role as a key regional trade hub.