Shortlisted consortia chase KHIA and logistics park

28 October 2005
Aqaba Development Corporation (ADC) is in the final stages of evaluating technical and financial proposals from shortlisted bidders for two separate logistics projects in the Aqaba Special Economic Zone (ASEZ). Three consortia are bidding for each contract, for which awards are expected by the end of October (MEED 2:9:05).

The first 10-year contract is to equip and operate the existing cargo terminal at King Hussain International Airport (KHIA). Eight consortia were originally prequalified for the contract. For the second project, the successful bidder will form a joint venture with ADC to develop, operate and manage the existing logistics park. Eight groups were also prequalified for this contract. Both projects will target increased freight requirements in the region, particularly from the reconstruction programme in Iraq.

The two schemes are in keeping with ADC's strategy to attract private sector involvement in the zone. In late September, ADC signed memoranda of understanding with Kuwaiti-Jordanian Holding Company (KJHC)to establish a joint venture utility company and Kuwait-based Global Investment Houseto establish an integrated business park over an area of about 150,000 square metres (MEED 7:10:05).

www.meed.com/transport

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications