AD Ports Group, Egypt’s Ministry of Petroleum & Mineral Resources, and TCM Project Management have signed a Memorandum of Understanding (MoU) to explore joint operation and development of Egypt’s strategic crude oil storage network. The initiative focuses on a system recognized as critical infrastructure in Egypt’s national energy value chain and is strategically placed to serve both domestic and international markets.
The new collaboration demonstrates AD Ports Group’s ongoing commitment to expanding its integrated operations in Egypt, a priority overseas market. Since 2022, the group has announced approximately US$469 million in investment commitments in the country, spanning multiple sectors.
Karim Badawi noted, “We are pleased to sign a Memorandum of Understanding with both AD Ports Group, one of our most important partners in trade and infrastructure, and TCM, to explore opportunities to maximise the value of Egypt’s advanced petroleum sector assets, particularly the strategic crude oil storage facilities, as well as to identify other areas of mutual interest. This targeted partnership falls under the second and sixth pillars of our Ministry’s integrated strategy—maximising the added value of Egypt’s petroleum sector assets and enhancing regional cooperation, especially with the United Arab Emirates, with whom we share deep and diverse ties across all energy domains, from upstream extraction and production to downstream transport, distribution, and marketing.”
Captain Mohamed Juma Al Shamisi stated, “This Memorandum of Understanding highlight our Group’s strategic interest in Egypt, a nation with which the United Arab Emirates enjoys deep and enduring ties. The potential joint operation and development of Egypt’s extensive crude oil storage network reflects our commitment to bringing the full strength of AD Ports Group’s integrated business model—spanning ports, maritime, logistics, economic zones, and digital solutions—through forging long-term strategic partnerships, supporting the economic and industrial objectives of the Egyptian government. Guided by the vision of our wise leadership in the UAE, we are dedicated to advancing a closer, mutually beneficial economic relationship with our partners in Egypt, to deliver tangible benefits to the Egyptian and Emirati peoples, and supporting the success of our strategic partners.”
The MoU was signed in the presence of Karim Badawi, Sherif Mahmoud Issa (Ambassador of the Arab Republic of Egypt to the UAE), and Tamer Al Zeyadi (CEO of TCM Project Management). Signing representatives included Ahmed Al Mutawa (Regional CEO of AD Ports Group), Nasser Shoman (Under-Secretary of the Ministry of Petroleum and Mineral Resources of Egypt), and Mahmoud Farrag Omran (General Manager of TCM Project Management).
The proposed partnership is expected to unlock new efficiencies and create value by integrating AD Ports Group’s operational expertise and digital capabilities with Egypt’s established energy infrastructure. Egypt’s crude oil storage facilities are anticipated to play a pivotal role in regional energy security, supply chain resilience, and in facilitating international crude oil trade flows.
The move aligns with AD Ports Group’s international expansion and diversification objectives, positioning Egypt alongside Spain as one of its most vital international markets among more than fifty countries. The group’s five business clusters—Ports, Maritime & Shipping, Logistics, Economic Cities & Free Zones, and Digital—combine to offer integrated solutions, fostering economic growth, job creation, and technological advancement for Egypt and the wider region.
Team V.4-EM-UAE
