Latest news with #PortsGroup
Gulf News
05-05-2025
- Business
- Gulf News
AD Ports Group to build industrial zone in Egypt
Dubai: The AD Ports Group continues its major expansion into the wider MENA territory, with a 50-year contract to build and operate a 20 square kilometer industrial and logistics park in Egypt. It will be located near the coastal city of Port Said on the Mediterranean Sea. The Kezad East Port Said Industrial Zone is projected as a 'key hub for international trade and investments' to service the East-West trade routes and being right at the entrance of the Suez Canal. .UAE-Pakistan trade gets single-window boost after AD Ports Group deal .AD Ports Group upsizes its revolving credit facility to $2.12 Ports Group will develop, construct, finance, operate, and manage the industrial and logistics zone in 1 will start with an area of 2.8 square kilometres. An estimated investment of $120 million will be allocated to market and technical studies as well as for Phase 1 development over the next three years. Construction on the initial phase is expected to start by the end of this phase will be anchored by key potential clients and partners, including one of the region's foremost construction and development groups, Hassan Allam Holding'.'This strategic cooperation is another sign of our Group's growing focus on Egypt, where we continue to enhance and develop our integrated trade, transport, and industrial ecosystem,' said Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group.
BBC News
23-04-2025
- Business
- BBC News
Heysham: £10m investment plan for container and passenger port
A £10m investment will "future-proof" a key port which links Lancashire, the Republic of Ireland and the Isle of Man, its operator has Ports Group, the UK's second largest port operator, claimed its "substantial investment" would boost Heysham's operations and work is also intended to create additional capacity at the Lancashire said the work would begin in coming weeks. The operator said the investment would benefit all operators at Heysham Port, "with Isle of Man Steam Packet, CLDN and Stena Line all set to gain from improved efficiency, increased capacity and enhanced terminal operations".It said extra space created by reconfiguring the site's trailer park would accommodate future growth, including Stena Line's deployment of two new-build "NewMax" ferries at the port, which will boost freight capacity by 40% compared to previous said the new gate operating system would result in a "better experience for hauliers by improving reliability, reducing congestion, [and] creating additional space". 'Additional traffic' The new terminal operating system is designed to make it easier for arriving hauliers to identify trailers at the group's Mersey ports director Phil Hall said the investment was "hugely positive news for Heysham Port and the local community". He added: "We believe this work will future-proof our operations here for decades to come."Stena Line's regional trade director Paul Grant said: "With the first of our new hybrid ships due to begin on the route later this year, the improved efficiency and extra space at the terminal will help facilitate the additional traffic and ensure a reliable service for our customers."Isle of Man Steam Packet Company's managing director Brian Thomson added: "This investment is a significant step forward for the port, enhancing efficiency and capacity for all users." Listen to the best of BBC Radio Lancashire on Sounds and follow BBC Lancashire on Facebook, X and Instagram and watch BBC North West Tonight on BBC iPlayer.
