Aqaba, Jordan / Abu Dhabi, UAE – 5 February 2026: AD Ports Group (ADX: ADPORTS), a leading global enabler of integrated trade, industry and logistics solutions, today signed a 30-year concession agreement with Aqaba Development Corporation (ADC) to manage and operate the Aqaba Multipurpose Port, Jordan’s only and exclusive general cargo and multipurpose seaport, strengthening the Group’s investments in the coastal city’s logistics infrastructure.
The agreement will establish a Joint Venture to manage and operate the port, with AD Ports Group holding 70% ownership and Aqaba Development Corporation (ADC) holding the remaining 30%. Under the terms of the agreement, AD Ports Group will invest a total of AED 141 million (USD 38.4 million) in the Joint Venture, in addition to bringing extensive port development and operational expertise to the transaction. The Group anticipates to formally assume operations of the port in August of this year.
The signing ceremony was held at the headquarters of the Aqaba Special Economic Zone Authority (ASEZA) in Aqaba, in the presence of Counselor Hamad Al Matrooshi, Chargé d'Affaires of the UAE Embassy in Amman; H.E. Mr. 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. (....)