The agreement will give the consortium the sole right to develop, manage, and operate specified port and economic zones assets and to create joint ventures, partnerships, or other business agreements to support the financing, development, construction, management, and operation of the projects.
Saudi newspaper Arab News said the deal involved development and operation of a $6 billion port and economic zone facility at Abu Amama, on the Red Sea. “The project, located about 200 km north of Port Sudan, would include an economic zone, an airport and an agricultural zone of 415,000 acres,” it said.
“AD Ports Group continues to extend its international reach under the guidance and direction of our wise leadership, supporting the development of port and trade assets in key markets around the world,” said Capt. Mohamed…
