AD Ports and TCM to develop Egypt's oil storage infrastructure

AD Ports Group, Egypt's Ministry of Petroleum & Mineral Resources and Dubai-based TCM Project management, have signed an agreement to explore joint operation and development of Egypt’s strategic crude oil storage network, in a move set to strengthen UAE/Egypt ties and boost Egypt's energy infrastructure

The planned collaboration aligns with AD Ports Group’s commitment to international expansion and diversification, and developing its integrated ports, maritime, logistics, and industrial footprint in Egypt, one of its largest overseas markets, where it has announced approximately US$469mn in investment commitments since 2022.

The potential partnership aims to unlock new efficiencies and value creation opportunities by integrating AD Ports Group’s world-class operational expertise and digital capabilities with Egypt’s established energy infrastructure. Egypt’s crude oil storage facilities are strategically positioned to serve domestic and international markets, and to play a pivotal role in regional energy security, supply chain resilience, and the facilitation of international crude oil trade flows.

H.E. Eng. Karim Badawi, the Minister of Petroleum & Mineral Resources for the Arab Republic of Egypt said, “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.” He added that the partnership would maximise the added value of Egypt’s petroleum sector assets and enhance regional cooperation with the UAE, with which Egypt enjoys strong ties throughout the energy value chain.

Captain Mohamed Juma Al Shamisi, managing director and group CEO, AD Ports Group, said: “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.”

In another significant move in its global expansion strategy, AD Ports has inaugurated its first international office in China, which will lead and coordinate the Group’s commercial and investment activities across the country and the broader Asia region.