Lionsbridge Investments Ltd, the sponsor of Osiris Phosphate Ltd (Osiris), and AD Ports Group have signed a memorandum of understanding (MoU) to explore the joint development and operation of port services and logistics infrastructure to support Osiris' phosphoric acid facility in Safaga, Upper Egypt.
The MoU establishes a framework for cooperation between the two organisations to assess, design, and implement world-class maritime and logistics solutions that enhance the efficiency and sustainability of exports from the phosphoric acid facility. The collaboration aims to position Safaga area as a strategic logistics hub connecting African, Middle Eastern, European, and global markets.
Furthermore, the MoU builds on the ongoing discussions between Lionsbridge Investments Ltd and the Egyptian Government stakeholders for the development of the US$1.2 billion phosphoric acid facility, being developed by Osiris. The facility will represent a cornerstone of Egypt's strategy to expand value-add industries, advance sustainable chemical production, and contribute to global food security through enhanced fertilizer capacity.
Ahmed Al Mutawa, Regional CEO of AD Ports Group, stated: "Our collaboration with Lionsbridge Investments on the Osiris Phosphate project reflects our continued commitment to expanding our regional presence and driving industrial growth across the Red Sea. By leveraging AD Ports Group's expertise in port development and integrated logistics solutions with Lionsbridge Investment's dedication to developing value-added industries in Egypt, we aim to jointly support Egypt's economic ambitions and strengthen regional connectivity."
Brian Wesson, Managing Chairman of Lionsbridge Investments Limited, commented: "We are pleased to partner with AD Ports Group, a global enabler of trade, logistics and industry. This collaboration will ensure that the Osiris project is supported by world-class port facilities, enabling efficient export operations, strengthening Egypt's position in global trade."
The parties will conduct joint studies to define technical, commercial, and operational frameworks for the project, ensuring alignment with Egypt's long-term industrial and trade strategies.