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Jordan-UAE Sign Deal to build $2.3 Billion Railway in Aqaba Port


Thu 05 Sep 2024 | 01:38 AM
Taarek Refaat

The Jordanian Prime Ministry said on Wednesday that the Kingdom and the UAE signed a $2.3 billion investment deal to build railway lines in Jordan linking the port of Aqaba to the mining areas of Ghor Al-Safi and Shidiya.

Jordanian PM Bisher Khasawneh said in a statement that the project is part of a package of investment projects signed by the two countries last year worth $5.5 billion.

He said that the project needs five years for the railway to start operating in 2030.

He pointed out that the construction of this railway will allow a significant increase in Jordan's logistical and export capabilities, with a volume starting at 16 million tons of phosphate and potash products.

"Talks are underway with our Emirati brothers to re-establish the idea of ​​establishing a dry port in Ma'an," he concluded.