Innovations in digital technologies are helping turn into the Aqaba Container Terminal (ACT), Jordan, into a regional transportation and logistics hub, according to a statement from APM Terminals.
The operator says a new digital platform, supplemented by a free trade agreement with US, application of rules of origin and political and economic stability, have helped create a welcoming investment environment.
The comment comes following the 15th Trans Middle East conference on November 15, which the ACT organised in cooperation with the Aqaba Special Economic Zone Authority (ASEZA).
The conference brought together 18 experts from the transport and logistics sector, representing 15 countries, to examine best container terminal practices and explore opportunities for growth in the Middle East.
Wolfgang Lehmacher, Head of Supply Chain and Transport Industries, World Economic Forum (WEF), spoke at the conference about how greater trade connectivity has helped several nations in the region flourish.
“The development of two leading trading hubs provides important indications for the design of the policies and capabilities required to become a regional business platform,” Lehmacher said.
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“World class healthcare and recreation facilities are part of the package, which Jordan already offers today.”
APM Terminals, echoes those thoughts and claimed the ACT, which it claims has a potential annual TEU capacity of 1.2 million, is key to boosting Jordan’s regional global competitiveness – the latest WEF Global Competitiveness Report ranked Jordan 74th.
Speaking about the opportunities that lay ahead for ACT and Jordan, Nasser Al-Shraideh, Chief Commissioner of ASEZA, said: “The port´s new platform and systems enhance Aqaba's competitiveness in the fields of industry and logistics and is transforming it into a logistical gateway for various modes of transportation across the Middle East.”
Morten Engelstoft, CEO, APM Terminals, confirmed APM’s belief in Aqaba potential: “Efficient port infrastructure is fundamental in catalysing growth for Jordan and the region, and for our customers to connect and simplify their supply chains. We are committed to Aqaba for the long term.”