Business Wire

AD Ports Group and Aqaba Development Corporation Sign Multiple Agreements for Development of Tourism, Transport, Logistics and Digital Infrastructure

Share

AD Ports Group, a leading facilitator of trade and logistics, has strengthened its regional footprint by signing a number of four strategic agreements and a Head of Terms Agreement (HoT) with the Aqaba Development Corporation that will see AD Ports Group support the development of tourism, logistics, transport, and digital infrastructure within Aqaba.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211219005040/en/

To view this piece of content from mms.businesswire.com, please give your consent at the top of this page.

AD Ports Group and Aqaba Development Corporation Strategic Partnership Signing Ceremony (Photo: AETOSWire)

The signing ceremony took place in Aqaba in Jordan in the presence of H.E. Nasser Shraideh, Minister of Planning and International Cooperation, representing H.E. Dr. Bisher Al Khasawneh, Prime Minister of Jordan; H.E. Ahmed Ali Mohammed Al Baloushi, UAE Ambassador to the kingdom; H.E. Dr. Mohamad Al-Ississ, Minister of Finance; H.E. Eng. Khairy Amr, Minister of Investment; and H.E. Dr. Nawaf Tall, Minister of State for Follow-up and Government Coordination; and H.E Eng. Nayef Ahmad Bakheet, Chief Commissioner, Aqaba Special Economic Zone Authority, Chairman of Aqaba Development Corporation, along with a number of officials from both sides. The four strategic agreements and a Head of Terms Agreement were signed by Hussein Ali Alsafadi, CEO, Aqaba Development Corporation and Captain Mohamed Juma Al Shamisi, Group CEO, AD Ports Group.

The strategic partnerships concern the development of Marsa Zayed, a cruise terminal, and the development of an advanced digital Port Community System, in addition to Head of Terms agreements to explore the development and modernisation of a multipurpose port and King Hussein International Airport.

Marsa Zayed Land Agreement

The agreement is in relation to the development of a land area of 1.2 million sqm in phase 1 of the development of the 3.2 million Marsa Zayed area by AD Ports Group, which will include a cruise terminal, tourism, leisure, residential and other projects. The development is planned to position Aqaba as a major Red Sea destination of choice.

Cruise Terminal Agreement

Under this Agreement, which builds upon a Head of Terms Agreement announced earlier in the year, AD Ports Group will develop, manage and operate a new cruise terminal in Aqaba, which will serve as a gateway for passengers visiting the Red Sea.

Maqta Ayla, New Joint Venture

Maqta Gateway, the digital arm of AD Ports Group, has signed a joint venture Agreement with Aqaba Development Corporation establishing “Maqta Ayla” to develop and operate an advanced Ports Community System (PCS). The system will oversee the communication between the Port of Aqaba and terminal operators, as well as the Aqaba Special Economic Zone Authority (ASEZA), Aqaba Development Corporation, Jordan Maritime Commission and other stakeholders within the Port’s ecosystem. The system is expected to complete around two million digital transactions per year, generate considerable cost and time savings for stakeholders and customers, reduce CO2 emissions and streamline services.

HoT on the Development and Modernisation of a Multi-Purpose Port

The HoT sees the Aqaba Development Corporation and AD Ports Group cooperating on exploring the development and modernisation of a multi-purpose port with world-class facilities including Ro-Ro, general cargo, grain and livestock handling.

Development of King Hussein International Airport Agreement

The Agreement will see AD Ports Group collaborate with Aqaba Development Corporation on the development of King Hussein International Airport – Aqaba, to enable increasing volumes of international and domestic tourism, ensuring a seamless journey for passengers moving between the airport and the Aqaba Cruise Terminal, while enhancing air logistics and expanding Aqaba’s air network connectivity.

H.E Eng. Nayef Ahmad Bakheet, Chief Commissioner, Aqaba Special Economic Zone Authority, Chairman of Aqaba Development Corporation said: “We have found a key partner in AD Ports Group, which has the vision, expertise and track record necessary to develop world-class port and cruise and digital infrastructure.

“The agreements and HoT on the development of Marsa Zayed and a cruise terminal, exploring the modernisation of a multipurpose port, the development of King Hussein International Airport, and the establishment of “Maqta Ayla” for digital systems, represent a significant addition to our efforts that aim to develop Aqaba region, and enable rising volumes of visitors to come and experience the Golden Triangle of Jordan, with our unique tourism offerings of Wadi Rum, Aqaba and the ancient city of Petra.”

Captain Mohamed Juma Al Shamisi, Group CEO, AD Ports Group, said: “This strategic alliance will boost the wider efforts of the leadership of Abu Dhabi to drive trade and tourism with our neighbours in the region, and to develop world-class infrastructure to expand global reach.

“Collectively, these mega-projects represent one of the most significant integrated transport, logistics and tourism development programmes announced in the Hashemite Kingdom of Jordan in recent years.

“Working with our partners in the Aqaba Development Corporation, these ambitious projects will significantly expand the facilities available to travellers and businesses via sea, land and air. This in turn will help grow the trade and tourism sectors, while strengthening Aqaba’s status as a major regional hub and support the kingdom’s economic development plans.”

Hussein Alsafadi, CEO, Aqaba Development Corporation stressed the importance of this collaboration and strategic partnership which will help in creating investment and job opportunities, as well as foster the role of Aqaba as a key regional hub in trade, logistics, and maritime and air transportation.

Abdulla Al Hameli, Head of Industrial Cities & Free Zone Cluster, AD Ports Group said, “We are excited to partner with the Aqaba Special Economic Zone Authority for the development of a land area of 1.2 million sqm comprising real estate development projects, tourist residential complexes, hotels, chalets, commercial centres and theme parks. This significant project contributes towards positioning Aqaba as a major tourism and business destination in the region.”

Saif Al Mazrouei, Head of Ports Cluster, AD Ports Group, said: “We are delighted to be able to play our part in the development of the Port of Aqaba and the new cruise terminal, drawing on our expertise in the cruise sector and our experience in providing advanced services across the supply chain.

“We are confident that this cooperation will prove beneficial for both sides, as it combines Aqaba’s significant growth potential as a cruise destination and a regional hub on the Red Sea with AD Ports Group’s leadership in providing advanced services and infrastructure for cruise passengers and cargo ships.”

Dr. Noura Al Dhaheri, CEO of Maqta Gateway, Head of the Digital Cluster- AD Ports Group, said: “As a result of these partnership agreements, Aqaba’s cruise, logistics and shipping sectors will have to access a broad range of innovative technologies that support optimised services across land, sea and air. Digitalisation will introduce important efficiencies and eliminate risks from the supply chain, with a fully integrated platform that delivers the best possible customer experience.”

Eng. Mohammad Al-Sakran, Executive Director, Transport & Logistics, Aqaba Development Corporation, noted: “This strategic partnership will promote Aqaba as a major player in the region’s supply chain. The digital transformation resulting from this partnership will also create a new ecosystem that will enhance the resilience of the maritime sector in Aqaba”.

About AD Ports Group

adportsgroup.com

About Aqaba Development Corporation

www.adc.jo

*Source: AETOSWire

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Sana Maadad
Director Corporate Communications, +971506250890
Sana.maadad@adports.ae

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Megaport Announces Expansion to Mexico, Bringing Network as a Service (NaaS) and Direct Access to Leading Cloud Services to KIO Networks17.1.2022 00:00:00 EET | Press release

Megaport Limited (ASX: MP1) ("Megaport"), a global leading Network as a Service (NaaS) provider, today announces plans to expand services to Mexico via a partnership with KIO Networks, the country’s largest data centre provider. Cloud connectivity services to Microsoft Azure and Google Cloud are expected to be available in March 2022 to local enterprises via on-ramps from KIO Networks’ data centres in Mexico City and Queretaro, subject to approvals. Customers of KIO Networks in Mexico will be able to access Megaport’s leading ecosystem of more than 700 enabled data centres worldwide and over 360 service providers, including 230+ cloud on-ramps from the world's leading clouds such as AWS, Google Cloud, Microsoft Azure, IBM Cloud, and Oracle Cloud. Businesses in Mexico can seamlessly and directly connect to cloud and IT services on a global level without the need to manage complex network infrastructure. According to IDC, Mexico is the second largest market in Latin America when it comes

Hanshow Makes US Market Debut at 2022 NRF Big Show14.1.2022 23:00:00 EET | Press release

Global digital retail solutions provider Hanshow is making its US market debut this week at the annual NRF Big Show in New York where it’s showcasing a series of new products, announcements, and partnerships. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220114005005/en/ 2022 NRF venue, the Javits Center in New York (Photo: Business Wire) Hanshow was founded ten years ago with an initial focus on just electronic shelf labels (ESL). After often triple digit annual growth, expansion across Europe, Asia Pacific and 50 countries around the world, the company is now bringing its impressive suite of digital retail solutions to the world’s largest retail market. Now after a decade of tested results with some of the world’s leading retailers including Auchan, Ahold Delhaize, Yamada Denki and many more, Hanshow believes it has the solutions US retailers need to evolve and thrive in this period of uncertainty for the retail. The comp

CI&T Acquires Somo to Accelerate Its Growth in EMEA14.1.2022 20:27:00 EET | Press release

CI&T (NYSE: CINT), a global digital specialist, announces today the execution of a sale and purchase agreement to acquire Somo Global Ltd ("Somo"), an award-winning digital product agency headquartered in the UK, to accelerate its growth in EMEA, the second-largest market for digital services. In this strategic move, Somo will join CI&T’s EMEA operation and enhance its growing operations by adding almost 300 digital specialists with deep expertise in digital products, working with some of the world’s largest brands including Audi, Vanguard, Vodafone and Virgin Media, among others. Somo is one of the UK’s leading independent digital product agencies, recognized by Econsultancy's prestigious Top 100 ranking (2019). With offices in the UK, USA and Colombia, Somo delivers digital ambitions at pace and scale across several verticals including automotive, financial services, utilities and telecom. Its strong leadership team brings a proven track record of delivering business performance, win

Alpha Blue Ocean Announces the Launch of WiSeSat by WiSeKey on the Space X’s Transporter 3 mission14.1.2022 18:00:00 EET | Press release

Alpha Blue Ocean, the family office founded by Pierre Vannineuse and financial partner of WISeKey (Tickers: SW: WIHN and US: WKEY), announces the new technological breakthrough of the Swiss group led by Carlos Creus Moreira. On January 13, 2022, WISeKey launched the audacious project to generate the first NFT from space... On January 13, 2021, WISeKey launched its first WISeSat pico satellite via SpaceX's (*) Falcon 9 rocket as part of the Transporter 3 mission to generate the first NFT from space. The NFT will be captured by the WISeSat satellite station in La Linea in south of Spain and minted on WISe.ART NFT Marketplace. Pierre Vannineuse founder and CIO of Alpha Blue Ocean said “Alpha Blue Ocean would like to praise this technological hardware and software achievement by WISeKey's teams. It will allow the NFT ecosystem to evolve towards a truly global constellation by generating the first NFT from space! We are over the moon to have participated in the financing of WISeKey in order

pmdtechnologies Announces Second Generation 3D ToF Depth-Sensing Development Kit14.1.2022 17:00:00 EET | Press release

Today, pmdtechnologies ag is announcing the next generation of its 3D Time-of-Flight Development Kit, the “flexx2”. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220112005533/en/ Next-generation 3D Time-of-Flight Development Kit for prototyping, research, and mass production. (Graphic: Business Wire) Working in Partnership with Emcraft Systems, a California based provider of hardware and software solutions for embedded applications, the flexx2 has been upgraded from the market-leading “PicoFlexx” to deliver even better depth-sensing performance with 38,000 3D pixels and a 56 x 44 degree Field-of-View, all in the size of a pack of chewing gum at 72.1mm x 19.2mm x 10.2mm. The VCSEL emitter has been upgraded from 850-nanometer to 940-nanometer wavelength to further increase sunlight robustness and outdoor performance. Additionally the USB-A port was replaced by a more robust USB 3.0 type C port. Multiple new built-in user mode

Rubicon Advises Elgin Energy on the Sale of the UK’s Largest Portfolio of Solar PV Projects14.1.2022 14:50:00 EET | Press release

Rubicon Capital Advisors (“Rubicon”), one of the world’s leading investment banking firms focused on the broader infrastructure, energy and digital sectors, announced its role as exclusive sell-side financial advisor to Elgin Energy Holdings (“Elgin”) in reaching completion on the 100% sale of a 519 MW portfolio of solar PV projects and 70 MW of co-located energy storage capacity (the “Portfolio”) to ScottishPower Renewables (UK) Limited (“Scottish Power”), a wholly-owned subsidiary of global utility Iberdrola Group. The portfolio sale marks the UK’s largest solar PV transaction to date, consisting of 12 projects at the pre-construction stage located across England, Wales and Scotland, with a combined capacity of 519MW. The portfolio also includes a co-located 70MW battery solution that is at an advanced stage of development. “We are delighted to have reached this significant milestone and partnered with Iberdrola / ScottishPower Renewables on this portfolio. We will continue to develo

Florida’s Apis Cor Set to Become 1st 3D Printed Homes Tech Firm to Offer Shares to Public14.1.2022 13:00:00 EET | Press release

Apis Cor, an additive manufacturing firm incorporated in the US State of Florida, has been qualified by the US Securities and Exchange Commission to offer shares to the public – the first company of its kind to do so. The development comes as additive manufacturing (also known as 3D printing) is poised to see exponential growth in the short term, as construction firms begin to adopt 3D-printing technologies on a global scale. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220112005677/en/ With the aim of providing affordable housing for the 21st century, Apis Cor vows to reduce home-construction times from three months to a mere five days. (Photo: Business Wire) “This is a truly historic moment,” Apis Cor CEO Anna Cheniuntai says. “Now everyone – even small individual investors – can become part of this exciting new field, which is set to revolutionize the construction industry in the months and years ahead.” Construction Se

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom