MoU Signed to Make Aqaba Regional Logistics Hub
The Aqaba Development Corporation and APM Terminals signed a memorandum of understanding (MoU) to make Aqaba a regional logistics hub.
The MoU is in line with the requirements of the future, as it would pave the way for Aqaba for the expected increase in trade and alternative energy.
The Aqaba Container Terminal (ACT) is one of the most important public-private partnership projects in the duration of the partnership between ADC and Denmark’s APM Terminals.
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Since 2006, as ACT has shown efficiency in operating the containers station, in addition to the activities related to the port’s sustainable development, including infrastructure, port equipment, technological systems and manpower capacity-building.
The agreement is expected to see a total investment of $242 million, in addition to enabling investment in renewable energy projects and carbon emission reductions, to enhance the status of the ACT as a regional flagship port and support the logistics of the transport and supply chain.