ADC officials, led by CEO Imad Fakhoury (second from right) announce the candidates for the New Port project.
The Aqaba Development Corporation (ADC) has revealed details of the two consortia bidding for its landmark New Port project, part of the massive development taking place in the Aqaba Special Economic Zone.
The Aqaba Gateway Group consists of Kuwait’s KGL Investment Co as the leader, as well as Kuwait Gulf Link Transport Co, Greece’s J&P/Athena as EPC contractor, the UK’s Portia as the port operator, Deutsche Bank as financial adviser, Denmark’s COWI as design engineer and Holland’s Arcadis as technical adviser. A joint venture between the US’ Latham & Watkins and Jordanian firm Obeidat & Freihat is providing legal advice.
The Ayla New Port Consortium is led by French giant Bouygues, along with compatriot Bollore and Jordanian EPC contractor Consolidated Contractors Co.
ADC’s decision is expected in a month’s time, with the winning bidder set to design, build and operate the facility, in conjunction with the Jordanian government, over a 30-year period.
Site Map
\
FEATURED COMMENT
Please click here to comment on this article