APM Terminals (APMT) has received approval to extend its current concession in partnership with Aqaba Development Corporation (ADC) by another 15 years until 2046.
APMT has been operating in Aqaba, Jordan in partnership with ADC since 2006.
An investment of approximately $242 million is part of the extended partnership and development plans aimed at, among other things, reducing emissions and reaching net zero by 2040.
The Aqaba Container Terminal (ACT) has reportedly delivered high productivity and in 2023 the terminal had a record-high throughput of more than 898,000 TEU. This was an increase of 5.4 per cent compared to the previous year.
As part of future commitments within this extended partnership, $500,000 will be invested in the corporation’s future efforts in implementing capacity-building and training programmes for Jordanian personnel in various economic sectors.
“It is remarkable to see, how our employees in Aqaba have delivered and I am happy that we commit further into the future, to lift standards for connectivity in Jordan and beyond, but also to do it with sustainable and future-forward solutions,” said Harald Nijhof, CEO of ACT.
“Since APM Terminals and Aqaba Container Terminal launched their vision for sustainable, empowered, and enhanced operations, the commitment and execution by our dedicated teams have been instrumental in bringing this vision to action.”
READ: APMT welcomes Maersk’s methanol-enabled containership
H.E. Hussein Safadi, CEO of ADC added: “Our extended partnership with APM Terminals stands as a prime example of Jordan’s most successful public-private collaborations.
“Since 2006, this joint venture has consistently delivered outstanding results, improving port operations and promoting sustainable development. This extension will propel ACT towards achieving carbon neutrality by 2040, solidifying its status as a leading regional port.”
Earlier this summer, APMT Mumbai signed a Memorandum of Understanding (MoU) to begin piloting shore power supply in partnership with the Jawaharlal Nehru Port Authority (JNPA).
More recently, APMT announced a $115 million improvement project at its West Africa Container Terminal (WACT) in Onne, Nigeria.
