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New JD35m industrial estate agreement to house $1b investments

By JT - Dec 26,2018 - Last updated at Dec 26,2018

AMMAN — The Aqaba Special Economic Zone Authority (ASEZA) and Aqaba International Industrial Estate (AIIE) on Friday signed an agreement to establish the Quirah Industrial Estate, worth JD35 million over 2000 dunums, to host $1 billion worth of investments.

Chairman of the ASEZA Board of Commissioners Naser Shraideh said these investments will create more than 6,500 job opportunities. The Jordan News Agency, Petra, reported Shraideh as saying that the AIIE and its Chinese affiliate Xinxin Chamber of Investment requested expanding the designated land lot from 1,200 to 2,000 dunums.

On the topic, Chief Executive Officer of the AIIE Sheldon Fink, who was present at the signing ceremony, noted that attracting investments is one thing, but housing them is something else, which is what the AIIE does, by providing investors with all they need. 

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