AMMAN, Oct. 9 (Xinhua) -- Jordan's state-owned Aqaba Development Corporation signed a deal with APM Terminals, a major global port operator, on Wednesday to develop and manage the kingdom's Aqaba container terminal, the state-run Petra news agency reported.

The agreement, which involves an investment of 242 million U.S. dollars by 2030, is expected to enhance the competitiveness of the Aqaba port, strengthen its ability to attract foreign investments, and solidify its position as a vital hub for trade and supply chains, said the report.

The agreement will help increase the terminal's capacity to more than 1.7 million TEUs (twenty-foot equivalent units), it added, noting that the development of the port and the terminal will subsequently contribute to Jordan's exports to global markets and the national economy at large.

According to Petra, the agreement also includes projects to build the port into a green one in line with the country's carbon neutrality goals and green growth strategy. Enditem

Related

Go to Forum >>0 Comment(s)