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.