Aqaba economic zone emphasizes importance of private sector relations

aqaba red sea
(File photo: Jordan News)
AMMAN — Nayef Al-Fayez, the president of the special economic zone authority of Aqaba, emphasized during the 8th Conference for Jordanian Expatriate Businessmen and Investors that Aqaba recognizes the immense value of cooperation with the private sector in enhancing Aqaba’s economic environment.اضافة اعلان

Fayez affirmed that the authority believes in the importance of partnership as the foundation for successful investments. Therefore, it has worked on empowering investors through a range of incentives and regional competitiveness, aiming to provide ports, logistical facilities, decision-making mechanisms, and infrastructure to enhance this partnership and trade, Khaberni News reported.

He announced that Aqaba is in the process of updating the comprehensive master plan for a variety of projects, which will be ready next year. These projects will either involve direct partnership with the private sector or will be offered as opportunities for the private sector.

Amongst these are the plans to redevelop and rehabilitate the Dura border crossing and the King Hussein International Airport.

Fayez stated that investment in Aqaba is open to both expatriate and foreign Jordanian investors, given the diverse and comprehensive investment opportunities available in promising sectors.

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