The Saudi Jordan Invesment Fund Company and the Aqaba Special Zone Authority (ASEZA) signed a memorandum of understanding to connect the ports of Aqaba on the Red Sea with Ma’an.

Saudi Arabia is to help build a rail project in Jordan as part of a $705 million joint investment. When completed, the railway will operate along a 195 kilometer track, transporting cargo continers to and from Aqaba, Jordan’s only outlet to the sea, as well as phosphate from the mines in Shidiya for export, according to a news in Zawya.

Aqaba Special Zone Authority is an independent institution that deals with the development and management of the Aqaba Special Economic Zone and provides integrated services to investors and registered companies.

Source: Zawya

Fulya Altunyay/