Abu Dhabi based AD Ports Group has entered a new deal with Egypt’s Ministry of Petroleum and Mineral Resources and Dubai’s TCM Project Management to explore the joint development of Egypt’s crude oil storage infrastructure.
The agreement, signed this week in the United Arab Emirates, could pave the way for AD Ports Group to deepen its presence in one of its largest overseas markets and play a direct role in managing part of Egypt’s strategic energy assets.
In a statement, Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, said the partnership aligns with two key pillars of the ministry’s integrated strategy enhancing the value of petroleum sector assets and deepening regional cooperation.
“This targeted partnership falls under the second and sixth pillars of our ministry’s integrated strategy and is aimed at maximising the added value of Egypt’s petroleum sector assets,” he said.
Badawi added that Egypt seeks to strengthen ties with the United Arab Emirates across all stages of the energy value chain from upstream to downstream.
Egypt’s current crude storage network plays a vital role in the country’s domestic and regional oil logistics.
The system is positioned to support both internal consumption and international exports, especially across the Mediterranean, Gulf of Suez, and Red Sea trade routes.
UAE investment footprint in Egypt grows
Since 2022, AD Ports Group has committed approximately $469 million to projects in Egypt, spanning ports, logistics, and industrial development.
Captain Mohamed Juma Al Shamisi, Group Chief Executive Officer of AD Ports, said the MoU marks another step in the group’s ambition to deliver integrated maritime services across the region.
He noted that the company is looking to bring its full logistics and maritime capabilities to bear through long term partnerships that match Egypt’s national development goals.
“The potential joint operation and development of Egypt’s extensive crude oil storage network reflects our commitment to bringing the full strength of AD Ports Group’s integrated business model,” he said.
He added that the company remains focused on strengthening economic ties between the UAE and Egypt and contributing to infrastructure projects that benefit both nations.
AD Ports Group also recently expanded its investments in Egypt through port upgrades, terminal operations, and logistics corridors that link industrial zones with seaports.
While specific timelines for the project have not been disclosed, the agreement reflects continued UAE interest in Egypt’s energy and logistics sectors as the country pushes to modernise and monetise state assets.
The Ministry of Petroleum and Mineral Resources did not confirm whether the partnership would involve private equity, long term concession rights, or direct capital deployment.
However, the parties are expected to carry out feasibility assessments and technical studies in the coming months before any final investment decision is made.
