Aqaba Special Economic Zone (ASEZ)
The Government of Jordan has embarked on an aggressive reform strategy to position Jordan within the global economy. A key initiative in this strategy was the establishment of Aqaba Special Economic Zone (ASEZ) in January 2001 as a liberalized, low-tax, duty-free, and multi-sectoral development area.
The Zone covers approximately 375 km2 and includes the land borders of Israel and Saudi Arabia extending to the territorial waters of Egypt. The Zone, which incorporates the City of Aqaba with a population of approximately 70.000 people, has all the physical and social infrastructure and utilities to serve as a flourishing city.
Strategically situated at the crossroads of four countries and three continents and encompassing Jordan's entire coastline, the ASEZ is served by both a deep-water seaport and an international airport. The existing deep-water port can accommodate ships handling a wide variety of cargoes, including dry bulk vessels of 75.000 DWT and container vessels of Panamax size.
The port also has a separate passenger terminal servicing cruise and passenger ships. Aqaba International Airport is one of three airports in Jordan and can accommodate all classes of commercial and passenger aircraft. A network of modern highways connects Aqaba to the surrounding region.
Potential investment opportunities are available in industrial sector, services (location-based services as will as professional services) and tourism and cultural experiences to the visitor, investor, and resident alike.
Aqaba forms an integral part of Jordan's Golden Tourism Triangle, highlighting the natural and man-made wonders of Petra, the magnificent desert and cliffs of Wadi Rum, and stunning coral reefs of Aqaba. In shorts, Aqaba's natural endowments make it an attractive destination for tourism, thus an ideal location for investment in this sector.