The Arab Bridge Maritime Company has announced a record profit of over $40 million through September 30, 2026, marking a significant milestone for the company. The achievement was revealed during the 88th General Assembly meeting, attended by high-ranking officials from Egypt, Jordan, and Iraq. The company's success was attributed to its strong financial and operational performance, with capital, assets, equity, and revenues reaching historic levels.
The company's Director General, Adnan Al-Abadleh, highlighted the impressive growth in various areas, including a 15% increase in the number of trucks transported. Passenger transport also continued to grow, contributing to the company's record profits. The addition of new vessels, such as the Al Jisr and Ashur, has enhanced the company's capacity, with the Al Jisr able to carry 85 trucks and 254 passengers, and the Ashur able to carry 312 passengers.
The Arab Bridge Maritime Company is set to further expand its fleet and operations, with plans to add another passenger and cargo vessel. This new vessel will have a capacity for 110 trucks and 253 passengers, bringing the company's total fleet to 11 vessels. The company is also preparing to operate new maritime routes, including the Safaga–Duba route, which will provide an important link for transporting passengers, trucks, and goods between Egypt and Saudi Arabia.
Egypt's Minister of Transport, Kamel El Wazir, welcomed the company's plans, saying they align with Egypt's vision for developing maritime transport. He emphasized the importance of fleet modernization and activity diversification, which will improve the frequency and regularity of voyages and enhance the transportation of passengers and trucks. Wazir also expressed support for the company's plans to operate additional routes serving international trade.
Jordan's Transport and Labor Minister, Nidal Al-Qatamin, praised the company's results, highlighting its ability to achieve sustainable growth and investment. He noted that the joint Arab venture demonstrates the potential for cooperation and success among Arab nations. Iraq's representative, Hazem Al-Hafathi, also commended the company's fleet modernization and expansion of routes, saying these developments strengthen its role in connecting the Arab Levant with North Africa.
The Arab Bridge Maritime Company is planning to expand its activities beyond maritime transport into infrastructure, maritime services, and related industries in 2027. One of the planned projects includes developing and operating a boat maintenance and repair facility in Sharm El-Sheikh. The company is also set to manage and develop the passenger terminal at Aqaba Port in partnership with Aqaba Development Corporation.
The company is also investing in digital technologies to improve operational efficiency and passenger and shipper services. With its strong financial and operational base, the Arab Bridge Maritime Company is poised for continued growth and success in the region. The company's achievements and plans reflect its commitment to enhancing maritime transport and trade among Arab nations.
Key points
- Arab Bridge Maritime Company achieves record $40M profit
- Company expands fleet and routes to enhance maritime transport
- Plans to diversify into infrastructure, maritime services, and related industries
