Jordan is to receive a large investment in its Red Sea port from a Dutch port operator.
The Aqaba Development Company signed a memorandum of understanding Tuesday with APM Terminals for a $242 million investment in Aqaba. The money will go toward turning the port city into a regional logistics hub. The two entities also aim to increase the amount of maritime trade passing through Aqaba and establish a training center for Jordanian youth so they can learn about port systems, Jordan’s official Petra news agency reported.
