By John Lee.
APM Terminals, operator of Aqaba Container Terminal in Jordan, has announced plans to upgrade the supply chain capabilities of its subsidiary, Aqaba Logistics Village (ALV). to serve the growing demand from importers and exporters for more efficient logistics services.
The IMF forecasts GDP for Iraq and Jordan combined at 8% annual growth for the 2014-2018 period, the Group said Tuesday in a press release.
ALV is currently 13 hectares in size and experiencing strong customer demand due its optimal location. The new facility will add 11 hectares and be operational by February 2015.
Sandeep Mehta, Regional Director of APM Terminals Inland Services, commented:
"Our logistics business in Jordan is designed to offer our customers better cargo visibility, lower transport costs and ideal market access while they are ramping up volumes to hinterland markets, especially the Anbar province and Greater Baghdad areas of Iraq. Our Iraq market access will now be the industry’s safest, most economical and most reliable with this upgraded supply chain capacity”.
Jeppe Jensen, CEO of Aqaba Container Terminal agrees that ALV’s further development will help serve Iraq’s high growth market:
“ALV’s plans will add essential infrastructure to the regional supply chain and generate more efficient cargo support options for the customers of Aqaba Container Terminal”.
APM Terminals Inland Services has a 60/40 JV partnership with the Kawar Group, a family-owned, Jordanian-based company, established in 1925 that has extensive commercial relations with all major shipping agencies.
(Source: APM Terminals)