AD Ports Group and Egypt’s General Authority for the Suez Canal Economic Zone (SCZONE) have signed a landmark 50-year renewable usufruct agreement to develop a 20 km² industrial and logistics hub near Port Said, at the entrance of the Suez Canal.
The project, named KEZAD East Port Said, will transform a strategic Mediterranean location into a key trade and investment hub for East-West trade routes. Phase 1 of the project will cover 2.8 km² and is expected to break ground by the end of 2025. The first phase alone will see an estimated $120 million investment into infrastructure and technical studies over three years.
The agreement was signed in Cairo in the presence of top Egyptian and UAE officials, including Egyptian Prime Minister Dr. Mostafa Madbouly and UAE Minister of Industry Dr. Sultan Al Jaber.
Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, stated that this project marks a deepening of UAE-Egypt relations and supports Egypt’s manufacturing and logistics growth.
Mr. Waleid Gamal El Dien, Chairman of SCZONE, emphasized that the initiative strengthens SCZONE’s global trade role, supported by advanced infrastructure and proximity to the Suez Canal.
The industrial zone will be connected to East Port Said Port, offering direct access to major shipping routes and transport networks. Development partner Hassan Allam Holding has signed an MoU to invest and explore additional projects.
This new venture builds on AD Ports Group’s growing footprint in Egypt, which includes the Safaga multipurpose terminal, and follows strategic acquisitions and concessions across the Red Sea and Suez regions. The project supports global supply chain resilience and positions Egypt as a regional manufacturing and logistics powerhouse.
