AQABA CONTAINER TERMINAL ( ACT )
Politically , economically and socially speaking , Jordan has always been a hub for Middle East trade : we speak to Jeppe Nymann Jensen , CEO of Aqaba Container Terminal about investments , and the best practices being introduced by parent company APM Terminals
Aqaba Container Terminal ( ACT ) is a joint venture between Aqaba Development Corporation ( ADC ), the Jordanian Government ’ s central development vehicle for the Aqaba Special Economic Zone ( ASEZ ), and APM Terminals , one of the world ’ s largest global terminal operators .
In 2004 , APM Terminals signed a Terminal Management Contract with ADC , taking over terminal management and operations . In 2006 , a 25-year Joint Development Agreement ( JDA ) was signed between ADC and APMT . Under the contract , APM Terminals Jordan was appointed to operate , manage and market Aqaba Container Terminal .
Operations The joint venture signed in 2006 represented the first Public Private Partnership ( PPP ) initiative launched by ADC as part of its programme to rehabilitate and expand the port of Aqaba and the wider logistics and transport infrastructure within the ASEZ .
This is the model that Jordan has chosen to develop its industries and take full advantage of its pivotal role in the Middle East . Its importance was emphasised by King Abdullah II when he opened the World Economic Forum on the Middle East and North Africa at the Dead Sea in May 2015 and presented his ‘ Jordan Relaunched ’ vision . A range of investments are needed , he said , in areas from agriculture and urban development to
50 October 2015