In 2003, the Aqaba Development Corporation (ADC), on behalf of the Aqaba Special Economic Zone Authority, was on a mission to acquire a strategic partnership to improve the efficiency, capacity and the operational performance of the container terminal in Aqaba. After signing a Terminal Management Contract with ADC in 2004, APM Terminals (part of the global A.P. Møller–Maersk Group), took over the management and operation of the terminal.
A 25-year Joint Development Agreement (JDA) was signed between ADC and the Aqaba Container Terminal (ACT) in 2006. Under the contract, APM Terminals Jordan operates, manages and markets ACT in addition to executing the Master Plan, which anticipates achieving a drastic increase of throughput capacity through a combination of physical and operational improvements.
Today, the Aqaba Container Terminal Pvt. Co. has grown from a feeder port to a mature main liner facility and plays a crucial role in the Jordanian economy, enabling growth and development regionally. It serves as a gateway for the Jordanian market, as well as for transit cargo moving to and from other countries in the region.
APM Terminals is one of the world’s leading container terminal operating and management companies, with a comprehensive and geographically balanced Global Terminal Network of over 50 integrated facilities and offices in 34 countries and 5 continents. Providing over 60 shipping lines with world-class service, reliability and efficiency, APM Terminals is also one of the world’s fastest growing terminal operating companies, with the largest capacity of any terminal operator, and 14 new or expanded facilities currently in development or under construction in Western Europe, North America, South America, the Middle East, West Africa, the Mediterranean, Southeast Asia and China.
Established as an independent company with the A.P. Moller-Maersk Group of Denmark in 2001, APM Terminals, with corporate headquarters in The Hague, The Netherlands, is dedicated to redefining the terminal operations industry through innovation, new standards of customer service, efficiency and productivity, and a commitment to excellence in everything we do.
Aqaba Development Corporation
The Aqaba Development Corporation (ADC) is a private sector company aimed at accelerating the development of the Aqaba Special Economic Zone by maximizing public-private sector partnership and investment.
Established in early 2004, the Company is owned by the Government of Jordan and the Aqaba Special Economic Zone Authority (ASEZA). ADC owns strategic assets including the Aqaba ports, both air and sea, along with strategic parcels of lands, as well as development and management rights in key sectors of the ASEZ economy.
ADC is mandated to develop ASEZ through building new or expanding existing infrastructure and the required superstructure, creating business enablers for ASEZ, and managing or operating its key facilities. This will be achieved through maximizing the attraction of private sector developers and operators. ADC also has the responsibility to implement the ASEZ Master Plan in a manner that ensures integrated development and transforms Aqaba into a leading business and leisure hub on the Red Sea.