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Jordan has taken a step towards a global trade portal by signing an investment agreement with the United Arab Emirates. The agreement, which has a volume of 2.3 billion US dollars, aims to develop the „Aqaba Port Railway Project.“ This project represents the largest investment in the history of the Jordanian railway sector and is intended to position the city of Aqaba as a regional hub between Asia and Europe, according to the government’s communication agency.
Scope of the project
The „Aqaba Port Railway Project“ involves the construction of a 360-kilometer railway line that connects the mining areas in Shidiya and Ghor al-Safi with the port of Aqaba. This new connection is expected to enable the transport of approximately 16 million tons of phosphate and potash for export to global markets each year. With this initiative, the government aims to usher in a new phase of economic development in Jordan characterized by more efficient supply chains.
The initiative is designed to give Aqaba a competitive advantage on the global map. As Jordan’s only seaport, the port is set to function not only as a transit point for neighboring countries but also to underscore its strategic significance at the Red Sea.
