ADC invites qualified private sector developers to build and operate the New Port of Aqaba

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

30 Jun 2008

The Aqaba Development Corporation (ADC)  announced Saturday 28th of June a request for Expressions of Interest for qualified private sector developers to design, build, finance, operate and transfer the New Port of Aqaba in the Southern Industrial Zone (SIZ) under a 30-year public private partnership arrangement. Hosni Abu Ghaida, Chief Commissioner of Aqaba Special Economic Zone stated, “The relocation of Aqaba’s main port to the southern industrial zone is one of the core aspects of Aqaba Special Economic Zone's (ASEZ’s) Master Plan. The relocation project will enable Aqaba to modernize/ upgrade and significantly increase its port capacity, in addition to vacating a prime stretch of seafront to be used for new mixed-use waterfront commercial, residential and tourism developments”.

Source: Menareport