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Sunday, November 29 - 2009

ADC announces names of beneficiaries for its 2008 scholarships program

As part of its Corporate Social Responsibility and commitment to creating sustainable social development programs, the Aqaba Development Corporation (ADC) announced the names of those that will benefit from ADC's 2008 scholarships program during a special event organized at the Princess Basma Development Center in Aqaba.

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The event was held Under the Patronage of H.E. Eng. Husni Abu Ghaida, Chief Commissioner of ASEZA and attended by the beneficiaries of the scholarships program and their families.

ADC launched this program back in 2006 and in the last three years it has provided 50 students with scholarships. This year, ADC provided 16 scholarships to students at all levels.

This initiative comes as part of ADC's social responsibility towards the residents of Aqaba. It also falls in line with ASEZA's strategy to provide students with the necessary skill set to work in fields of high demand. A detailed stringent process was formed to select the most eligible students for the scholarships in line with criteria and conditions implemented by the Princess Basma Development Center and concerned parties.

Eng. Imad Fakhoury, ADC's CEO stated:
"Education is the most important pillar for the development of human resources in Aqaba, and it is also a priority for the development of a nation. It is important to enhance the living standards and conditions of underprivileged students by providing them with an equal opportunity for education. This will allow those students to keep up with the economic changes while catering to the needs of their local community."


He went on to say: "His Majesty King Abdullah II believes that education will create a generation that is capable of meeting the current and future needs of the local job market, therefore the scholarships program will allow ADC to complement His Majesty's vision for Aqaba."

ADC signed a memorandum of understanding with Jordanian Hashemite Fund for Human Development (JOHUD) in late 2006 whereby ADC offers 16 scholarships to students in Aqaba who have obtained High School (Tawjihi) diplomas and those who wish to pursue a higher education.
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ADC
The Aqaba Development Corporation (ADC) was launched at the beginning of 2004 by the Aqaba Special Economic Zone Authority (ASEZA) and the Government of Jordan, with the mandate to own and maintain the development and management rights for the strategic assets in the Aqaba Special Economic Zone (ASEZ), making it the development partner for all investors interested in taking advantage of the endless opportunities that ASEZ has to offer.

ASEZ was launched in 2001 with the objective of creating Aqaba as an oasis for commerce, a premium destination for tourism, an incubator for modern technology and a regional hub for transport logistics. ASEZ is regulated by ASEZA, which is responsible for managing, regulating and providing municipal services within ASEZ.

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