Abu Dhabi Ports is set to develop a sprawling industrial and logistics zone, “Kizad East Port Said,” under a landmark 50-year renewable concession with the Suez Canal Authority Economic Zone. This ambitious project is poised to further transform the Mediterranean city of Port Said into a pivotal trade and logistics hub.
The agreement, signed last Sunday, marks a strategic partnership between the UAE and Egypt, leveraging Abu Dhabi Ports’ expertise in maritime infrastructure. The initial phase of the project, slated to begin by the end of 2025, will span 2.8 square kilometers and involve a substantial investment of $120 million dedicated to comprehensive market and technical studies.
A centerpiece of this development is the construction of a 1.5-kilometer quay, with future plans to incorporate a multi-purpose cargo terminal. This infrastructure is expected to significantly enhance the region’s cargo handling capabilities, integrating it more deeply into global trade networks.
Industry experts, such as maritime economist Dr. Lina Sharif, emphasize the project’s potential economic impact. “This development not only strengthens Egypt’s position on the Mediterranean but also aligns with broader regional trade integration goals,” Dr. Sharif remarked to MEO News. The East Port Said project builds upon Abu Dhabi Ports’ strategic expansion efforts, following their 2023 agreement with the Red Sea Ports Authority for the Safaga Multipurpose Terminal, valued at $200 million.
