AD Ports Group appointed Jordanian architects Dar Al Omran and Maisam Group to draw up the master plan for the Marsa Zayed project in Aqaba.
The appointment comes after AD Ports Group signed several partnership agreements with the Aqaba Development Corporation in December 2021 to develop tourism, transport, logistics and digital infrastructure in the area, the Abu Dhabi company said on Friday.
The Dar Al Omran and Maisam Group consortium will develop the master plan for a total land area of 3.2 million square metres across the Marsa Zayed site, AD Ports said.
The site will consist of several districts comprising residential communities, retail shops, commercial and office space, hotels, food and beverage outlets and leisure areas.
“AD Ports Group lays great importance on developing the project in co-operation with leading local companies,” said Abdullah Al Hameli, chief executive of economic cities and the free zones cluster at AD Ports Group.
“The Marsa Zayed development, along with other strategic projects under way in Aqaba, will boost the wider efforts of the leadership of Abu Dhabi and Jordan to drive trade and tourism in the region and to develop … infrastructure to significantly expand the facilities available to travellers and businesses via sea, land and air.”
AD Ports Group, which made its debut on the Abu Dhabi Securities Exchange in February after raising Dh4 billion ($1.1bn) from the sale of its shares, is looking to expand across the Mena region.
It signed two deals in March to develop and operate ports in Egypt.
The company signed a preliminary agreement with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation, to jointly oversee the development and operation of Ain Sokhna Port on the Gulf of Suez.
AD Ports also signed an agreement with the Egyptian Group for Multipurpose Terminals and the River Transport Authority to collaborate on three projects — building and operating a river port in Minya, managing and operating warehouses in Damietta, and equipping, managing and operating passenger lines in Greater Cairo.
It also entered a deal with the Egyptian Group for Multipurpose Terminals last November to develop and operate a multipurpose terminal at Safaga Port on the Red Sea, and struck an agreement in September with the General Company for Ports of Iraq to explore investment opportunities in the country.
As part of the agreements signed with the ADC last year, AD Ports will jointly develop the King Hussein International Airport, Marsa Zayed cruise terminal and an advanced digital port community system, in addition to developing and modernising a multipurpose port.
The cruise terminal at Marsa Zayed will serve as a gateway for passengers visiting the Red Sea. It will be the first project to be developed by AD Ports Group in Jordan and its first cruise terminal outside the UAE.
The Marsa Zayed site will be lie close to a modernised multipurpose port, AD Ports said.
It is “set to become a prime location for local and international investors, looking to lease, own or jointly develop serviced plots in the mixed-use and entertainment development”, the Abu Dhabi company said.
AD Ports Group, which is majority owned by Abu Dhabi holding company ADQ, operates 10 ports and terminals in the UAE and Guinea, more than 550 square kilometres of economic zones within ZonesCorp and the Khalifa Industrial Zone Abu Dhabi.
The group also manages 55 per cent of the industrial zones in the country.
Museum of the Future in numbers
- 78 metres is the height of the museum
- 30,000 square metres is its total area
- 17,000 square metres is the length of the stainless steel facade
- 14 kilometres is the length of LED lights used on the facade
- 1,024 individual pieces make up the exterior
- 7 floors in all, with one for administrative offices
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- 100 species of trees and plants dot the gardens
- Dh145 is the price of a ticket
What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
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