Jordan- King urges clear strategy to lure in investments to Aqaba

(MENAFN- Jordan News Agency) Aqaba, Sept. 7 (Petra) -- His Majesty King Abdullah II on Thursday emphasized the need for a clear strategy to magnet more investments to the Aqaba Special Economic Zone (ASEZ) and establish the port city as a gateway to international markets.

At a meeting with the Aqaba Special Economic Zone Authority (ASEZA) chief and board of commissioners, the King stressed the importance of promoting the investment environment which would provide employment.

King Abdullah said: "ASEZ would always be brought to attention despite major challenges we face". He also underscored the need to build on achievements and focus on employing the advantages Aqaba enjoys in attracting added-value investments for the industrial and commercial sectors.

His Majesty stressed the need to follow up on the implementation of the new strategy of Aqaba according to the 2018-2022 economic plan.

He said the strategy should positively reflect on the local community through uplifting living conditions and realizing sustainable development. The King called for setting up new industrial zones and the Aqaba new port.

His Majesty also pointed out that placing Aqaba on the world tourism map is crucial besides scheduling regular flights between the port city and other world cities.

ASEZA Chief Commissioner, Nasser Shraideh, briefed the King on future plan of the authority, which aims at attracting more investments and making Aqaba a global tourist destination and a model of sustainable development.

The meeting also tackled programs and activities implemented by ASEZA to increase tourist numbers and raise the value of investments.

The King Also made a visit to the Aqaba International Industrial Estate (AIIE) which is constructed on a site of 1.7 Million square meters. AIIE CEO, Sheldon Fink briefed the King on investments attracted in various sectors and services provided to investors.

King Abdullah also toured a number of industrial facilities in AIIE, including Orbit Aluminum Industries, a world class manufacturer of premium pre-painted aluminum coils with an investment of $40 million. King Abdullah also visited the Wio Sun for Renewable Energy with an investment value of $8 million and Qurina Food Industries.

7/9/2017 - 09:49:56 PM


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