{"id":88401,"date":"2024-01-26T00:00:00","date_gmt":"2024-01-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/maqta-gateway-inks-shareholder-agreement-to-provide-aqaba-port-with-digital-system\/"},"modified":"2024-01-26T00:00:00","modified_gmt":"2024-01-26T00:00:00","slug":"maqta-gateway-inks-shareholder-agreement-to-provide-aqaba-port-with-digital-system","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/01\/26\/maqta-gateway-inks-shareholder-agreement-to-provide-aqaba-port-with-digital-system\/","title":{"rendered":"Maqta Gateway inks shareholder agreement to provide Aqaba port with digital system"},"content":{"rendered":"

Maqta Gateway, Aqaba finalize shareholder agreement ahead of port <\/strong>developments: <\/strong>AD Ports Group subsidiary Maqta Gateway<\/a> and Jordan\u2019s central development arm Aqaba Development Corporation (ADC)<\/a> inked a shareholder agreement yesterday, granting Maqta Gateway a majority 51% stake in the entities\u2019 JV company, Maqta Ayla, as part of a port development agreement, according to an AD Ports Group statement<\/a>. Aqaba will hold a 49% stake in the JV under the agreement. <\/p>\n

Background: <\/strong>Maqta Gateway and ADC signed the agreement to establish the JV in December<\/a>2021<\/a>. The new entity plans to upgrade Aqaba port\u2019s operations with a port community system, marking what AD Ports says is the first ever export of Maqta Gateway\u2019s port digitization solution. The system will streamline communication and transactions between terminal operators and authorities. <\/p>\n

The timeline: <\/strong>The system will kick off operations within one year, and is expected to save emissions worth 90k in-person visits, according to the statement.<\/p>\n

AD Ports has bigger plans for Aqaba: <\/strong>The Emirati port developer had also agreed to develop a 1.2 mn sqm of Marsa Zayed land with a cruise terminal, as well as develop a new airport \u2014 dubbed King Hussein International Airport \u2014 and develop and modernize a multi-purpose port. <\/p>\n","protected":false},"excerpt":{"rendered":"

Maqta Gateway will hold a majority 51% stake, while Aqaba will carry a 49% stake under the terms<\/p>\n","protected":false},"author":1,"featured_media":88402,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1557],"tags":[21,738,7,25,1412,99,737],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-ad-ports","tag-aqaba","tag-enterpriseam-uae","tag-investment-watch","tag-jordan","tag-logistics","tag-maqta-gateway","wpautop","entry"],"acf":{"mongo_id":"aa28c3fc-d172-424a-bbcf-feeba9b3ff8e","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/895.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Maqta Gateway inks shareholder agreement to provide Aqaba port with digital system","related_issue":[88395],"teaser":"Maqta Gateway will hold a majority 51% stake, while Aqaba will carry a 49% stake under the terms","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.69cada09-14ec-4548-b234-8d25536943cb.mp3"},"yoast_head":"\nMaqta Gateway inks shareholder agreement to provide Aqaba port with digital system - 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