AD Ports Group announced on Thursday signing of the shareholders’ agreement between its digital arm, Maqta Gateway, and the Aqaba Development Corporation (ADC) with regards to their existing joint venture company, Maqta Ayla.
Maqta Gateway will have a 51 percent stake in Maqta Ayla, while ADC will own 49 percent.
The joint venture company is to modernise Aqaba’s port operations by implementing a Port Community System (PCS), leveraging Maqta Gateway’s expertise.
The port digitalisation solution is expected add pace to the strategic plan of enhancing maritime and tourism in Aqaba.
The PCS will facilitate communications and transactions between the Ports of Aqaba, its terminal operators, the Aqaba Special Economic Zone Authority (ASEZA), ADC, and other stakeholders within the port’s ecosystem, streamlining services and building next-level efficiencies for the port city of Aqaba and Jordan.
The solution is expected to be operational within twelve months, with the expectation of delivering carbon emission reductions worth 90,000 in-person visits within a year of its implementation.
The shareholders’ agreement was signed in the UAE on the sidelines of the 20th Transport Middle East Conference.
The Ports of Aqaba, situated at the crossroads of three continents, handle 80 percent of Jordan’s exports and 65 percent of its imports.
Aqaba’s Container Terminal is the second busiest in terms of volume along the Red Sea and fourth biggest in the region, with an annual traffic of approximately 1.3 million TEUs.
The establishment of Maqta Ayla was previously announced as one of the key joint initiatives between AD Ports Group and ADC to enhance tourism, logistics, transport, and digital infrastructure within Aqaba.
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