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US$5 Billion Development Project To Kick Off In Aqaba
2006-04-08
www.petra.gov.jo/ nepras/2006/ Apr/08/58.htm
Aqaba, April 8 (Petra-Jordan News Agency) -- Under the patronage of His Majesty King Abdullah II, a memorandum of understanding was signed between Aqaba Special Economic Zone Authority (ASEZA) and Horizon Holding company for Development to launch a five-billion dollar project in Aqaba, deemed to be one of the biggest developmental project in the region.
ASEZA Commissioner Nadir Dhabi signed the MoU and Chairman of Horizon Holding corporate Board of Directors Sheikh Bahaa Edine Harriri.
The project seeks to enhance all sectors in Aqaba, mainly socio-economic sector, which will transform ASEZA's economy into integrated one including banks, light industries, services, public facilities, tourism and culture.
The main object of this project resides in enhancing the loyalty of citizens to the city and catalyzes them to seek a permanent home in Aqaba by providing them with basic services round the clock.
Harriri said the socio-economic results to develop this city were positive and would contribute to reach the demanding growth Aqaba pursuits.
ASEZA's aim is to become an int'l tourist and investment hub, Dhabi said.
Wardat/Petra
