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Seeks to attract more Gulf and Iraqi business
Jordan Seeks to attract more Gulf and Iraqi
dpa German Press Agency
Published: Saturday November 11, 2006
Manama- Jordan is seeking to attract more business from the Gulf and
Iraq, particularly in transportation, industry, and finance with an
intensive marketing campaign promoting its Aqaba special economic
zone, a top official said Saturday. At a Manama press conference,
the president of Al Aqaba Chamber of Commerce, Nael Kabariti, said
Jordan hoped to double the volume of imports passing through Jordan
At present more than 10 million tonnes of goods pass through Jordan
to Iraq each year, making up a significant portion of Iraq's
"But we are hoping to double these figure in
the next few years," he said.
Kabariti added that Jordan aimed to make Aqaba into one of the key
seaports serving the northern part of the Middle East and Gulf,
allowing Jordan to take a bigger share of the transport market.
Jordan has joint ventures with Gulf partners and wholly owned Gulf
ventures and these companies are also using the zone to export to
Europe and the rest of the world, he pointed out.
Aqaba Special Economic Zone Authority (ASEZA) commissioner for
economic development and investment affairs Saleh Keilani said that
the ASEZA development plan, launched in 2001, was ahead of schedule.
He said the ASEZA had already achieved 130 per cent of the targets
laid out in the 20-year development plan.
"We were able to attract 8 billion dollars in the first five and a
half years of operations, which is more than the 6 billion dollars
we were seeking to achieve in the first six years," Keilani said.
The lion's share of the 8 billion dollars investment in the Aqaba
zone comes from the Gulf, with Saudi companies accounting for more
than 80 per cent of the total.