Jordan: ADC Signs New Port of Aqaba Deal

ADC Signs New Port of Aqaba Deal

Aqaba Development Corporation (ADC) signed an agreement with the Joint Venture consisting of BAM International and MAG Engineering and Contracting co. on Tuesday 13th December 2011. The agreement was signed by ADC’s CEO H.E Mr. Mohammed S. Turk, and BAM International Country Manager Mr. Yousef Salhah, and MAG Engineering and Contracting co. Managing Director Mr. Hanna Abu Ghattas.

According to the agreement, BAM International & MAG Engineering Contracting co. are to begin implementing the marine works package for the New Port of Aqaba at the Southern area that includes the construction of four berths of a total length of 800m and the required dredging and reclamation works in addition to the construction of the Marine Services harbor in 24 months for an estimated cost of 65 Million Jordanian Dinars.

H.E Mr. Mohammed S. Turk, ADC’s CEO stated: “The commencement of the Package 1 Marine Works in the southern area of Aqaba is the first step towards implementing the New Port of Aqaba and ADC will continue tendering and implementing the remaining packages in parallel. The Marine Works is the main package in the New Port Project and shall contribute to develop Aqaba and transform it into a world class business hub and leisure destination.”

Turk added: “The Aqaba New Port Project is an ultimate national priority. Aqaba Development Corporation is committed to implementing it according to the Zone’s master plan in line with Aqaba Special Economic Zone Authority priorities. Upon the completion of the construction of the New port, the port operations will be transferred to the new port and the lands of the current main port will be handed over to Al-Ma’abar company within a three stages program. Aqaba Development Corporation through its general assembly in cooperation with Jordan’s government and Special Economic Zone Authority will finance and implement the New Port of Aqaba Project”.

Mr. Yousef Salhah stated: “We take this opportunity to express our gratitude and appreciation with the trust endorsed to us by ADC to implement this strategic and important package and contribute with a unique addition to the marine transportation in Jordan and the region and we trust that this will meet his Majesty King Abdullah vision and the foreseen development of Aqaba city and the country of Jordan as a whole”.

The application of this joint venture that is consisted of BAM International and MAG Engineering and Contracting co. came as part of ADC’s vision encourage and push forward the participation of local contractors in the specialized works as ADC had from the beginning of the project required the participation of a local contractor in a joint venture with an international specialized company undertaken at least 25% of the project works for each package.

Dredging Today Staff, December 18, 2011; Image: Aqaba Development Corporation

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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