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.”