Mulki underlines ASEZA's investment potential and achiev ements

AMMAN — Investments in the tourism sector since the establishment of the Aqaba Special Economic Zone Authority (ASEZA) in 2001 until the end of 2014 reached JD14.6 billion, ASEZA Chief Commissioner Hani Mulki said Monday, noting that the figure covers projects that were executed and those in the pipeline.

He indicated that Investments in logistics, warehouses, industry and transportation, amounted to  JD1.81 billion, while commercial investments were valued at JD198 million, Mulki added, pointing out that commercial facilities increased by 600 per cent last year compared to those in 2001.

He described ASEZA's terminal system as the most prominent investment because it addresses the energy supplies amid regional instability.

Work in the comprehensive Jordanian terminal system, which includes 28 specialised harbours, is scheduled to finish in 2016, the chief commissioner noted.

"What is needed today is reconsidering legislation organising investment and ways to attract it, in addition to reviewing past obstacles in order to amend relevant regulations until reaching an investment environment more suitable for investors' needs," he concluded.