Speaking at the commemoration, ACT’s Chairman and Aqaba Special Economic Zone Authority (ASEZA) Chief Commissioner H.E. Dr. Kamel Mahadin, said the berth expansion project “is an important step for the city of Aqaba which will boost local investment. The expansion comes at a strategic time as trade volumes are expected to increase and the Iraq market grows.”
APM Terminals Regional CEO, Peder Sondergaard said: “Aqaba is strategically located at the crossroads of four countries and three continents. Our US$140m investment in the port reflects our strategic plan to create a trade center for the Red Sea and Middle East inland destinations”.
ACT’s CEO Soren Hansen stated “This is the first step of our expansion programme, completed on schedule and a major step forward in our goal to double the port’s capacity and become a new regional shipping hub.”
Hansen further noted that the development is expected to increase the terminal’s annual capacity to 1.5m teu and bolster throughput capacity. Furthermore, the new cranes can handle a reach of 22 rows capable of handling the largest containerships entering global trade with 30 moves/hour. The port can work three ships simultaneously.
ACT recorded a 16% increase in 2012 container throughput to 833,000 teu.