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Tuesday, 03 June 2014

Aqaba Logistics Village to almost double size

Aqaba storage yard Aqaba storage yard APM Terminals

APM Terminals, which operates Aqaba Container Terminal (ACT) in Jordan, today announced plans to enhance the capabilities of its subsidiary Aqaba Logistics Village (ALV).

The new facility, expanded from 13 to 24 hectares, is scheduled to be operational by February 2015. 

APM Terminals says that the project aims at serving “growing demand” from importers and exporters at the Red Sea location, as GDP is expected to grow 8% annually in Iraq and Jordan between 2014 and 2018.

Cars, project cargoes, manufacturing materials, industrial supplies, domestic appliances and timber are among the commodities targeted by this expansion, which APM Terminals says will widen Aqaba’s geographical reach as a regional distribution hub. 

“Our logistics business in Jordan is designed to offer our customers better cargo visibility, lower transport costs and ideal market access while they are ramping up volumes to hinterland markets, especially the Anbar province and Greater Baghdad areas of Iraq,” said Sandeep Mehta, regional director of APM Terminals Inland Services. “Our Iraq market access will now be the industry’s safest, most economical and most reliable with this upgraded supply chain capacity”.

Jeppe Jensen, CEO of Aqaba Container Terminal, added: “ALV’s plans will add essential infrastructure to the regional supply chain and generate more efficient cargo support options for the customers of Aqaba Container Terminal.”

APM Terminals Inland Services has 60/40 a joint venture partnership with the Kawar Group, a family-owned, Jordanian-based company. 

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