News Column

Jordan,United States : ASEZ places investments to pull in US INVESTORS

June 26, 2014

As per the report, in New York, a delegation from Jordan'sAqaba Special Economic Zone (ASEZ) was to draw in foreign investments in what is the Hashemite kingdom's only coastal city.

The Arab Bankers Association of North America (ABANA) organised the seminar and headed by the delegation of representatives from industry, logistics, infrastructure, tourism and real estate, ASEZ Authority Chief Commissioner Kamel Mahadin made presentations to possible foreign investors

Approx.$20 billion funds was already pulled in by Aqaba, far beyond its initial aim of $6 billion by 2020, Mahadin is sure he can bring even more resources back to Jordan.

''Our objective is to continue providing incentives to foreign investors'', said Mahadin, who is an architect and the chairman of the Aqaba Development Corporation (ADC), among many other positions.

''We have many investment opportunities for Americans. We are in a strategic position as we border on Israel, Saudi Arabia, Syria, and Iraq, and we have a fantastic climate nine months out of the year. We want Aqaba to become a hub for the Middle East and North Africa'', added Mahadin, who was accompanied by ADC Vice President Bashar Abu Rumman, among others, ''After New York, we are heading to Washington, DC, and Baltimore'', he said at the ABANA seminar, where speakers included Jordanian Finance Minister Umayya Toukan, the United States ambassador to Jordan, and the Jordanian ambassador to the US.

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Source: TendersInfo (India)

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