In a significant move to deepen economic ties and enhance regional energy cooperation, AD Ports Group has signed a Memorandum of Understanding (MoU) with key Egyptian stakeholders to jointly operate and develop Egypt’s extensive crude oil storage network.
This strategic initiative reflects the UAE’s commitment to building enduring partnerships that advance regional trade, energy resilience, and mutual prosperity.
Strengthening UAE-Egypt Economic Cooperation
Guided by the vision of the UAE’s leadership, the MoU signifies a long-term strategic collaboration to integrate AD Ports Group’s expertise in ports, logistics, and digital solutions with Egypt’s robust energy infrastructure. The initiative supports Egypt’s national development goals and reinforces bilateral efforts to drive industrial and economic growth.
AD Ports Group emphasized its aim to bring “tangible benefits to the Egyptian and Emirati peoples” by leveraging its integrated business model and creating lasting value for both nations.
High-Level Presence at the MoU Signing
The MoU was signed in the presence of several high-ranking officials and stakeholders:
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H.E. Eng. Karim Badawi, Egypt’s Minister of Petroleum & Mineral Resources
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H.E. Sherif Mahmoud Issa, Egyptian Ambassador to the UAE
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Tamer Al Zeyadi, CEO of TCM Project Management
Signatories included:
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Ahmed Al Mutawa, Regional CEO of AD Ports Group
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Nasser Shoman, Undersecretary, Egyptian Ministry of Petroleum
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Mahmoud Farrag Omran, GM of TCM Project Management
Enhancing Regional Energy Security and Trade
The partnership aims to unlock new efficiencies and value creation by merging AD Ports Group’s operational and digital excellence with Egypt’s strategically located oil storage facilities. These assets are expected to serve as critical nodes in ensuring:
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Energy security in the region
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Resilient supply chains
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Efficient international crude oil trade
This aligns with Egypt’s ambitions to be a regional energy hub and supports the broader vision of economic integration between the two nations.
Part of AD Ports Group’s Global Expansion Strategy
The MoU is consistent with AD Ports Group’s international diversification strategy, with Egypt now standing as a core strategic market alongside countries like Spain. Operating in over 50 global markets, the Group’s five integrated clusters—Ports, Maritime, Logistics, Economic Zones, and Digital—position it to drive:
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Job creation
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Technological advancement
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Sustainable industrial growth
The Group’s ecosystem-driven approach maximises asset efficiency, reduces environmental impact, and supports inclusive local economic development.
This strategic collaboration marks a pivotal moment in UAE-Egypt energy relations, positioning both nations as key players in regional and global energy networks. With AD Ports Group’s operational strength and Egypt’s infrastructure potential, the MoU lays the foundation for long-term economic gains and shared prosperity.
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Source: AD PORTS GROUP
