Aqaba Development Corporation to announce projects during Cityscape

During the last five years, following the designation of Aqaba as a special economic zone (ASEZ) operating as a liberalized, low tax, duty free multi-sector economic development zone, the coastal resort has been developing at an increasingly rapid pace. Leading regional and international investors have taken advantage advantage of Aqaba's strategic location as a gateway to the Middle East region, offering significant investment incentives, comprehensive transport facilities and a wide range of untapped development opportunities.

ADC, established in 2004 as the central development body of ASEZ, will be profiling a number of its achievements and investment opportunities during Cityscape. Since its inception, ADC has attracted over US$8 billion worth of committed investments to ASEZ, including three mega tourism projects that are expected to create over 15,000 jobs over the coming 10 years.

This is the second consecutive year that ADC has participated in Cityscape. ADC enjoyed significant success at the 2005 event with major announcements and considerable visitor interest in the investment opportunities available in Jordan, and more specifically in Aqaba.