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Al-Qutaimen: Aqaba Rail Project Costs $2.3B
The article discusses the Aqaba Port Railway Project in Jordan, which is estimated to cost around $2.3 billion. The project aims to strengthen the national economy and establish Jordan's position as a regional logistics hub. It connects Aqaba Port with phosphate and potash production areas over approximately 360 kilometers, with a capacity of up to 16 million tons annually. The project is scheduled to span five years through a Jordanian-Emirati partnership. Its objectives include reducing logistics costs, improving competitiveness, stimulating investment, developing the national transportation system, supporting development in the governorates, and linking the national railway network with neighboring countries to enhance economic integration and bolster economic security.
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