AD PORTS & AQABA
AD Ports Group and Aqaba Development Corporation sign multiple agreements Strategic Partnerships designed to boost tourism and provide Multimodal transport, logistics and digital solutions for Jordan
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D Ports Group has strengthened its regional footprint by signing a number of four strategic agreements and a Head of Terms Agreement (HoT) with Jordan’s Aqaba Development Corporation that will see AD Ports Group support the development of tourism, logistics, transport, and digital infrastructure within Aqaba. The signing ceremony recently took place in Aqaba in Jordan in the presence of Nasser Shraideh, Minister of Planning and International Cooperation, representing Dr. Bisher Al Khasawneh, Prime Minister of Jordan; Ahmed Ali Mohammed Al Baloushi, UAE Ambassador to the Kingdom and Eng. Nayef Ahmad Bakheet, Chief Commissioner, Aqaba
48 JANUARY 2022
Special Economic Zone Authority, Chairman of Aqaba Development Corporation, along with a number of officials from both sides. The four strategic agreements and a Head of Terms Agreement were signed by Hussein Ali Alsafadi, CEO, Aqaba Development Corporation; and Captain Mohamed Juma Al Shamisi, Group CEO, AD Ports Group. The strategic partnerships concern the development of Marsa Zayed, a cruise terminal, and the development of an advanced digital Port Community System, in addition to Head of Terms agreements to explore the development and modernisation of a multipurpose port and King Hussein International Airport.
Marsa Zayed Land Agreement
The agreement is in relation to the
development of a land area of 1.2mn sqm in phase 1 of the development of the 3.2mn Marsa Zayed area by AD Ports Group, which will include a cruise terminal, tourism, leisure, residential and other projects.
Cruise Terminal Agreement
Under this Agreement, which builds upon a Head of Terms Agreement announced earlier in the year, AD Ports Group will develop, manage and operate a new cruise terminal in Aqaba, which will serve as a gateway for passengers visiting the Red Sea.
Maqta Ayla, New Joint Venture
Maqta Gateway, the digital arm of AD Ports Group, has signed a joint venture Agreement with Aqaba Development Corporation establishing “Maqta Ayla” to develop and operate
