Jordan Industrial Ports Company (JIPC)
JIPC was established on May 17th, 2009 with an authorized and paid in capital of JD 1 million, shared equally between APC and the Jordan Phosphate Mines Company (JPMC) In 2009, following a memorandum of understanding signed in 2008 by APC and JPMC with the Aqaba Development Corporation (ADC) and the Aqaba Special Economic Zone Authority (ASEZA) to refurbish, develop, upgrade, and expand the existing jetty. Implementation work started immediately after signing the operating and management agreement with ADC in 2013, and it is scheduled to be completed in 2016.