Noatum, part of Abu Dhabi-based AD Ports Group, has announced the acquisition of a majority stake in Safina B.V., a provider of maritime agency and cargo services in Egypt and the Middle East. The strategic move, set to be finalised in Q3 2024, is part of Noatum Maritime’s expansion efforts across the Mediterranean region, which recently included the launch of its offices in Türkiye.

By acquiring Safina, Noatum aims to leverage the company’s strong position in Egypt’s maritime agency market. Safina, headquartered in Cairo with six office locations, provides services across 15 Egyptian ports, including Sokhna, Adabiya, and Alexandria. The company specialises in agency services for the metals, minerals, and fertiliser sectors, and has a notable presence at both Mediterranean and Red Sea ports. The acquisition aligns with AD Ports Group’s broader strategy in Egypt, which includes recent concession agreements for managing cruise and Ro-Ro terminals at several key Egyptian ports.

“Welcoming Safina into the Noatum Maritime family aligns perfectly with our vision for growth. The move enhances our presence in key markets and enables us to strengthen our service offering across Egypt, the Middle East and North Africa, providing for greater flexibility and opportunities to meet our customers’ needs. By leveraging Safina’s four decades of experience and local expertise, we aim to further optimise our operations, strengthen customer relationships, and drive sustainable growth,” Terry Gidlow, Chief Executive Officer, Noatum Maritime, Noatum, Logistics Cluster, AD Ports Group, said.

AD Ports said that Safina will be rebranded as Noatum Maritime Egypt in due course and integrated into the Noatum Maritime ecosystem. Its founders will retain a minority stake in the business and continue to support the company.

The move is being reported as AD Ports concludes the acquisition process of the Tbilisi Dry Port, becoming the majority owner with a 60% stake. The intermodal logistics hub in Georgia is strategically positioned between the Caspian Sea and Black Sea, at the heart of the Middle Corridor, and integrates multiple facilities including a container freight station, warehouses and a car storage park. Once it becomes operational in October 2024, it will act as the point of entry and exit as well as a regional transit point for manufacturers, shippers and consignees moving containers, vehicles and other goods for distribution and storage.

Noatum, part of Abu Dhabi-based AD Ports Group, has announced the acquisition of a majority stake in Safina B.V., a provider of maritime agency and cargo services in Egypt and the Middle East. The strategic move, set to be finalised in Q3 2024, is part of Noatum Maritime’s expansion efforts across the Mediterranean region, which recently included the launch of its offices in Türkiye.

By acquiring Safina, Noatum aims to leverage the company’s strong position in Egypt’s maritime agency market. Safina, headquartered in Cairo with six office locations, provides services across 15 Egyptian ports, including Sokhna, Adabiya, and Alexandria. The company specialises in agency services for the metals, minerals, and fertiliser sectors, and has a notable presence at both Mediterranean and Red Sea ports. The acquisition aligns with AD Ports Group’s broader strategy in Egypt, which includes recent concession agreements for managing cruise and Ro-Ro terminals at several key Egyptian ports.

“Welcoming Safina into the Noatum Maritime family aligns perfectly with our vision for growth. The move enhances our presence in key markets and enables us to strengthen our service offering across Egypt, the Middle East and North Africa, providing for greater flexibility and opportunities to meet our customers’ needs. By leveraging Safina’s four decades of experience and local expertise, we aim to further optimise our operations, strengthen customer relationships, and drive sustainable growth,” Terry Gidlow, Chief Executive Officer, Noatum Maritime, Noatum, Logistics Cluster, AD Ports Group, said.

AD Ports said that Safina will be rebranded as Noatum Maritime Egypt in due course and integrated into the Noatum Maritime ecosystem. Its founders will retain a minority stake in the business and continue to support the company.

The move is being reported as AD Ports concludes the acquisition process of the Tbilisi Dry Port, becoming the majority owner with a 60% stake. The intermodal logistics hub in Georgia is strategically positioned between the Caspian Sea and Black Sea, at the heart of the Middle Corridor, and integrates multiple facilities including a container freight station, warehouses and a car storage park. Once it becomes operational in October 2024, it will act as the point of entry and exit as well as a regional transit point for manufacturers, shippers and consignees moving containers, vehicles and other goods for distribution and storage.