APM Terminals to manage Aqaba terminal
Aqaba Development Corp. and APM Terminals have entered into an agreement requiring APM to operate and manage the container terminal in the port of Aqaba, Jordan, for an initial period of two years.
Aqaba Development Corp. and APM Terminals have also signed a memorandum of agreement. Under the second agreement, on completion of the two years of the contract, APM may develop, manage, operate and market the terminal for another 25 years, subject to fulfilling conditions and performance targets.