AD Ports inks deal for terminals at Egypt's Red Sea Ports

05 Jan 2024 CW Team

Abu Dhabi Ports has initiated a contract to construct terminals at Egyptian Red Sea ports, marking a significant collaboration in maritime infrastructure development. This venture showcases international cooperation and reinforces Abu Dhabi Ports' commitment to fostering strategic maritime partnerships in the Red Sea region.

In a noteworthy development, Abu Dhabi Ports has officially commenced a contract to build terminals at Red Sea ports in Egypt. This initiative reflects a collaborative effort to enhance maritime infrastructure and trade connectivity, contributing to the economic development of the region.

The contract signifies a milestone in the longstanding relationship between Abu Dhabi Ports and the Red Sea ports in Egypt, emphasising mutual cooperation in bolstering port capabilities. The construction of terminals is expected to facilitate more efficient cargo handling and promote seamless maritime trade operations.

This strategic move aligns with Abu Dhabi Ports' vision of becoming a global maritime hub and reinforces its commitment to international partnerships for sustainable infrastructure development. The terminals' construction is anticipated to have a positive impact on trade flows in the Red Sea, fostering economic growth and strengthening maritime ties between the United Arab Emirates and Egypt.

As Abu Dhabi Ports embarks on this venture to build terminals at Egyptian Red Sea ports, it sets the stage for enhanced maritime collaboration, driving economic prosperity and facilitating smoother trade operations in the strategically vital Red Sea region.

Equipment

12 Dec 2025

Escorts Kubota Unveils BS V Next-gen Construction Range at Excon 2025

Escorts Kubota (EKL), one of India’s major engineering groups in the agricultural and construction equipment sectors, unveiled its latest BS V–compliant construction machinery line-up at Excon 2025. The refreshed portfolio underscores the company’s push toward application-driven, high-productivity solutions that reduce ownership costs and meet the needs of India’s expanding infrastructure landscape. With demand rising across urban development, industrial logistics and mining, the new range aims to deliver higher performance, durability and operator comfort.In the earthmoving segment, E..

ACE and Kotak Mahindra Bank Join Hands to Boost Backhoe Loader Financing

Action Construction Equipment (ACE), the world’s largest Pick-n-Carry crane maker and a leading manufacturer of material handling and construction equipment in India, has entered into a Memorandum of Understanding with Kotak Mahindra Bank to enhance the availability of flexible financing options for backhoe loader customers across the country.The collaboration aims to support contractors, infrastructure companies, entrepreneurs, SMEs, and emerging businesses by offering smoother access to credit through customised loan schemes, quicker turnaround times, and the extensive footprint of Kotak M..

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..