Sunday , 19 May 2019
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Aqaba Development Corporation (ADC), the owner of Aqaba’s ports, has signed a joint venture agreement with APM Terminals to manage, operate and expand the Aqaba Container Terminal for a period of 25 years. This follows on from an initial two-year management service agreement signed in 2004 between the two parties.

APM Terminals agrees JV at Aqaba

Aqaba Container Terminal, strategically located at the crossroads of four countries and three continents, is the principal gateway for Jordan’s container trade and also serves transit cargoes to/from Iraq and other regional markets. The current terminal configuration comprises 540 m of quay supported by more than 8,800 ground slots.

ADC and APM Terminals have agreed a 25-year plan for the terminal that aims to achieve additional capacity while ensuring the highest levels of productivity and customer service. The plan involves a three-phase development programme that combines physical expansion, new equipment and operational improvements, and aims ultimately to achieve an annual capacity of 2.4m teu.

H.E. Imad Fakhoury, ADC chairman and CEO, said: “We are very pleased to have APM terminals as our business partner in this venture. This major investment project reflects and reinforces ADC’s priority to create world-class logistics and industrial infrastructure and superstructure in Aqaba.”

Since the 2004 management agreement, APM Terminals has successfully implemented upgrades to the port. For instance, vessels now have guaranteed berthing windows on arrival, and truckers benefit from streamlined landside operations and strict safety procedures. In addition, APM has established strong training and development programmes for the terminal’s workforce, to ensure operational excellence.