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Aqaba Development Corporation unveils investment package

Aqaba Development Corporation CEO Hussein Safadi, on Tuesday announced a package of local and foreign investments in logistics, ports and industrial estates.Safadi said in a meeting with local community representatives that the projects included settin…

Aqaba Development Corporation CEO Hussein Safadi, on Tuesday announced a package of local and foreign investments in logistics, ports and industrial estates.

Safadi said in a meeting with local community representatives that the projects included setting up an industrial estate in Al-Quweira District on a plot of land of 1,800 dunums, which will be supplied with industrial gas through a partnership with the main developer, the Aqaba Industrial Estate.

All the designs are in place for a gas supply station in Al-Quwaira, the first of its kind in the Kingdom, which is served by gas to feed small- and medium-sized enterprises, he pointed out.

Safadi said an agreement had been signed with IBM Terminals to enhance Aqaba as a regional logistics hub, at a direct investment volume of $242 million, which qualifies the port city as a gateway for trade, maritime shipping and alternative energy.

Also under the agreement, he said, a marine training college will be established through the global logistics company Maersk to qualify Jordanian youth for jobs in regional and international ports, and it will be the first of its kind in the region, which promotes Aqaba as a regional educational and commercial hub.

The first medical university in Aqaba will open early next year as well as founding an affiliated educational medical hospital, he said.

Safadi also noted that a fishermen port has been established along the central shore up to the old town, with developed anchorages, serviced markets and fishing facilities that became a landmark in the Red Sea city.

Source: Jordan News Agency