Khaberni - The President of the Aqaba Special Economic Zone Authority, Shadi Al-Majali, said that the agreement signed with the Abu Dhabi Ports Group is a partnership agreement for the operation of the multipurpose port, and it is not a sale or mortgage, stressing that the Port of Aqaba is not for sale, and Jordan's assets are not for sale or transfer under any circumstances.
Al-Majali clarified in press statements today that the agreement stipulates the establishment of a joint company to manage and operate the port, in which Abu Dhabi Ports Group owns 70%, versus 30% for the Aqaba Development Corporation, fully owned by the Jordanian government, emphasizing that the complete ownership of the land, facilities, and equipment remains with the Jordanian state.
He explained that the agreement includes the operation of the multipurpose port, which is one of nine operational ports in Aqaba, within a system aimed at improving operational efficiency and enhancing the level of services provided to merchants, freight agents, and supply chains.
He noted that the minimum expected revenue from the agreement amounts to 300 million dinars in addition to profits for the Aqaba Development Corporation, in addition to the 30% profit share from the operating company, confirming that the government will receive 16 million dinars immediately upon signing the agreement on the first day, without incurring any financial burdens on the authority.
The head of the authority stated that the choice of Abu Dhabi Ports Group came as a result of its acquisition of the global company "Noatum," which manages more than 35 ports worldwide, allowing Jordan to benefit from international expertise and the transfer of modern technology and knowledge in port management, in addition to opening up opportunities for Jordanian personnel for training and qualification.
Al-Majali emphasized that the rights of the workers in the port are fully protected, and none of them will be affected, pointing out that the redistribution of personnel will be within the other ports and logistical facilities in Aqaba according to operational needs.
He explained that the agreement grants Jordan, after a period of 30 years, the full right to make a sovereign decision regarding the future management of the port, whether by reclaiming management, extending the partnership, or contracting with another operator, with all assets and systems developed during the operation period remaining properties of the Jordanian state.
The President of the Aqaba Special Economic Zone Authority confirmed that the agreement has completed all legal and official procedures, including approvals from relevant authorities and endorsement by the Cabinet, emphasizing that the main goal is to enhance the efficiency of vital facilities in Aqaba and to maximize state revenues and enhance Aqaba's competitiveness as a regional logistics center.
