Jordan’s Red Sea port to be moved and redeveloped
A United Arab Emirates real estate firm has won a bid to relocate and redevelop a port in the Jordanian seaside city of Aqaba, international news outlets reported over the weekend.
The $5 billion port will be built in three phases and will cater to cargo and passenger ships as Jordan seeks a slice of increasing business on the Red Sea.
Aqaba is located on the narrow strip of land between Israel and Saudi Arabia that touches the Red Sea, which is linked to the Mediterranean Sea by the Suez Canal.
The project will see Al-Maabar, the U.A.E. real estate company, shift the port to the southern side of Aqaba. Al-Mabaar has other projects in Morocco, Tunisia, Libya, Sudan and Egypt.
No estimate was given for how big the cargo terminal would be.