Search Site

Trends banner

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.

Abu Dhabi Ports Group to build first cruise facility outside of UAE

Abu Dhabi Ports Group will build first cruise facility outside of UAE.
  • It will be the first facility to be developed by AD Ports Group in Jordan.
  • Under the agreement, AD Ports Group's digital arm, Maqta Gateway will also manage the implementation of an advanced Ports Community System.

Abu Dhabi Ports Group has signed an agreement with the Aqaba Development Corporation (ADC) of Jordan to build a cruise terminal at Marsa Zayed in Aqaba.

It will be the first facility to be developed by AD Ports Group in Jordan and its first cruise facility outside of the UAE.

The new terminal will serve as a gateway in the Port of Aqaba that will receive cruise ships passengers visiting the Red Sea, in addition to serving as a major attraction for the residents of Aqaba with a wide range of tourism, commercial, and entertainment services, media reports said.

Under the agreement, AD Ports Group, through its digital arm, Maqta Gateway, will also manage the implementation of an advanced Ports Community System (PCS), which will oversee communication between Aqaba ports and terminals operators, Aqaba Special Economic Zone Authority (ASEZA), ADC, Jordan Maritime Commission, customs, support services and on-land connections for the Port of Aqaba.