Giovedì, 18 Ottobre 2018
AQABA

Free-zone expertise exchange signed by Aqaba, Turkey

English
© ANSA

Aqaba, May 23 - The Aqaba Special Economic Zone
Authority (ASEZA) and Turkish Free Zones (TFZ) on Wednesday
signed a memorandum of understanding (MoU) for the exchange of
expertise in information technology and the development of free
zones.
The MoU also covered drafting joint plans to attract
investments, develop legislation to regulate economic
activities, especially tax systems and tax incentives to improve
the investment climate, and motivate the Turkish and Jordanian
private sectors to increase the volume of trade and economic
exchange between TFZ and ASEZA.
ASEZA Chief Commissioner Kamel Mahadin, who signed the MoU
with Ugur Oztürk, Director General for Free Zones, Foreign
Investments, and Services at the Turkish Ministry of Economy,
called on corporations in the real estate, tourism, and
hospitality sectors to seize the investment initiative at ASEZA.
Mahadin said the visit of the Turkish technical economic
delegation had been planned to evaluate investment opportunities
and the environment in ASEZA, following the recent visits by His
Majesty King Abdullah II and Prime Minister Abdullah Ensour to
discuss areas of joint cooperation and investment between the
two countries.
He pointed out that Aqaba today has become an international
and regional logistics gateway for anyone interested in
investments, especially in the areas of port operations,
logistics and related services .
Mahadin noted that several opportunities for production and
investment were still open in ASEZA in the areas of information
technology, trade, tourist-boat building and maintenance, and
entertainment parks.
In March, an engineering, procurement and construction
(EPC) agreement was signed between Jordan's Aqaba Development
Corporation (ADC) and Turkish company BETA Inc., set to start
work on revamping Aqaba's oil terminal, supplying over 90% of
Jordan's crude oil and petroleum products.
According to the agreement, BETA will install and upgrade
oil-pump capacity, renew the existing loading arms and implement
new ones to handle crude oil, petroleum products, various
chemical liquids and liquid petroleum gas (LPG).
Also in March, direct flights between the Jordanian
port city of Aqaba and Istanbul were approved, ready to begin in
2013, giving millions of Turkish and international travelers
direct access to Jordan's Red Sea resort.
The route, projected by the Aqaba Special Economic Zone
Authority (ASEZA), Jordan Tourism Board (JTB) and USAID Jordan
Tourism Development Project, will give millions of travelers
direct access to Aqaba, a burgeoning multi-sector development
zone located on the Red Sea and just a stone's throw away from
some of the region's most famous tourist sites.

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