Abu dhabi: Chief Commissioner of the Aqaba Special Economic Zone Authority (ASEZA), Shadi Al-Majali, emphasized that the agreement with Abu Dhabi Ports Group is a partnership to operate the multipurpose port, not a sale or mortgage. He clarified that Aqaba Port and Jordan's assets are neither for sale nor concession.
According to Jordan News Agency, the agreement involves creating a joint company for managing the port, with Abu Dhabi Ports Group holding a 70% stake and the Aqaba Development Corporation (ADC), owned by the Jordanian government, holding 30%. The land, facilities, and equipment remain under Jordanian ownership.
Al-Majali explained that the agreement covers the operation of one of the nine ports in Aqaba, aiming to enhance operational efficiency and service quality for traders, shipping agents, and supply chains. The deal is expected to generate minimum revenues of JD300 million, along with profits for ADC and a 30% share in the operating company's profits. The government will receive 16 million dinars immediately upon signing, with no financial burdens on the authority.
Abu Dhabi Ports Group was chosen for its acquisition of Noatum, a global port operator managing over 35 ports worldwide. This enables Jordan to gain international expertise and technology in port management, and provides training opportunities for Jordanian staff.
Al-Majali assured that port workers' rights are protected, with staff redistribution occurring in other ports and logistics facilities in Aqaba based on operational needs. The agreement allows Jordan to decide the future of port management after 30 years, with all assets and systems developed during the period remaining Jordanian property.
He confirmed that the agreement has passed all legal and official procedures, including approvals and Cabinet ratification, aiming to enhance Aqaba's competitiveness as a regional logistics hub and maximize state revenues.