Egyptian Red Sea Ports Authority (RSPA)

The Abu Dhabi Ports Group initialed a 15-year concession agreement, worth $3 million, with the Egyptian Red Sea Ports Authority (RSPA) to construct, upgrade, operate, and maintain the passenger and cruise ship terminals at the ports of Hurghada, Safaga, and Sharm El-Sheikh. The agreement is part of Egypt’s plan to expand cruise tourism, as has been the case with yacht tourism, the Egyptian Ministry of Transportation said in a statement on Thursday. Under the deal,…