AD Ports Group has signed a 30-year concession agreement with Aqaba Development Corporation (ADC) to manage and operate the Aqaba Multipurpose Port. Jordan’s sole and exclusive general cargo and multipurpose seaport, will benefit from the group’s investments in the coastal city’s logistics infrastructure, said a statement.
The agreement establishes a joint venture (JV) between AD Ports Group and ADC. AD Ports Group will hold 70% ownership, while ADC will retain the remaining 30%. In addition to the ownership stake, AD Ports Group will invest a substantial US $38.4mn in the JV. The group will also bring its extensive port development and operational expertise to the transaction. AD Ports Group said that it anticipates formally assuming operations of the port in August of this year.
The signing ceremony took place at the headquarters of the Aqaba Special Economic Zone Authority (ASEZA) in Aqaba. The event was attended by Counselor Hamad Al Matrooshi, Chargé d’Affaires of the UAE Embassy in Amman; H.E. Shadi Majali, Chief Commissioner of the Aqaba Special Economic Zone Authority; and Captain Mohamed Juma Al Shamisi, Managing Director & Group CEO of AD Ports Group. The agreement was signed by H.E. Hussein Safadi, CEO of Aqaba Development Corporation, and Ahmed Al Mutawa, Regional Chief Executive Officer of AD Ports Group.
Al Shamisi noted, “Today’s signing represents a continuation of the strong and enduring economic cooperation between the two countries, including the development initiatives implemented by AD Ports Group in Aqaba City. This aligns with the directives of our wise leadership to strengthen cooperation with the Hashemite Kingdom of Jordan and to support the Kingdom’s vision of transforming the Port of Aqaba into a leading commercial gateway in the Red Sea region.”
“This agreement further strengthens AD Ports Group to drive long-term, transformative economic impact in the region, enabling further business growth in support of the aspirations of our partners in Jordan. We extend our appreciation to our partners at the Aqaba Development Corporation for their confidence in AD Ports Group as a strategic partner in driving growth in Aqaba City and contributing to the advancement of its economic ecosystem. We look forward to further strengthening our long-term partnership, founded on collaboration to achieve shared interests and mutual benefits,” he added.
Shadi Majali, Chief Commissioner of the Aqaba Special Economic Zone Authority (ASEZA) commented, “This strategic partnership represents a key milestone in advancing Aqaba’s role as a competitive and integrated economic zone. The development of the Aqaba Multi-Purpose Port, in collaboration with AD Ports Group, reinforces ASEZA’s mandate to create an enabling regulatory and investment environment that supports efficient trade, high-value logistics services, and sustainable economic growth.”
“This project will enhance Aqaba’s attractiveness as a regional logistics, industrial, and tourism hub, while strengthening connectivity with regional and international markets. It also reflects the effectiveness of close coordination between national institutions, the private sector, and international partners in delivering transformative projects that generate employment, stimulate investment, and contribute to long-term economic resilience. ASEZA remains fully committed to facilitating this project through streamlined procedures, investor-friendly policies, and continuous support, ensuring that Aqaba continues to serve as a strategic gateway for Jordan and the wider region,” he added.
Safadi stated, “We look forward to working with AD Ports Group, ADC’s strategic partner, to further develop and position Aqaba Multi-Purpose Port as a central trade and transport hub in the upper Red Sea region. Leveraging AD Ports Group’s expertise, global connectivity, digital trade solutions, and its expanding regional ports and maritime network, Aqaba is set to continue its rapid evolution into a world-class logistics and trade hub that generates sustainable economic growth.”
“This collaboration strengthens Aqaba’s ecosystem across logistics, tourism and port services, we are pleased to welcome this important step forward with AD Ports Group. We are confident that this partnership will play a pivotal role in driving sustainable economic growth for Aqaba and the Kingdom as a whole, and we are pleased to welcome this important milestone with AD Ports Group as we move forward together in delivering a world-class logistics and trade hub,” he said.
The Port of Aqaba is located at the intersection of 3 continents, and serves as Jordan’s primary gateway for international trade. It handles 80% of the country’s exports and 65% of its imports. Additionally, Aqaba acts as a crucial transit point for the trade of neighboring countries, including Saudi Arabia and Iraq.
The Aqaba Multipurpose Port represents AD Ports Group’s most significant infrastructure investment in Jordan to date. Since 2021, the group has collaborated closely with ADC to develop various infrastructure projects in Aqaba, including tourism, transport, logistics, and digital trade. These initiatives include the development and operation of the Aqaba Cruise Terminal, which enhances the city’s connectivity as a regional cruise destination. Furthermore, the Maqta Ayla Joint Venture is constructing a digital Port Community System (PCS) to streamline cargo processing, the firm said.
In January 2025, AD Ports Group appointed MAG Group Holding to spearhead the initial phase of development for Marsa Zayed. This project aims to transform Marsa Zayed into a 3.2m sqm beachfront tourism and business community in Aqaba. The vision is to elevate Aqaba as a regional tourism hub and a gateway to the Red Sea, the statement concluded.
AD Ports Group signs a 30-year concession agreement with Aqaba Development Corporation Middle East Construction News.
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