On the occasion of the visit to China of his Majesty King Abdullah II of the Hashemite Kingdom of Jordan, a memorandum of understanding (MOU) was signed in Yinchuan China by:
The MOU provides for development and operation of an industrial and logistics estate, The Estate is in the Southern area of Aqaba Special Economic Zone (ASEZA) near the new
Aqaba Port Development. The Estate will occupy an area of about one million square meters.Aqaba Special Economic Zone Authority (ASEZA) was represented at the signing by its Chief Commissioner H.E Dr. Hani Mulki.
The Shenzhen Aqaba Estate will be managed as an expansion of the Aqaba International Industrial Estate. “AIIE” is located on a site of 1.7 Million square meters, north of Aqaba near Aqaba Airport.
AIIE has been internationally recognized as one of the world leading projects of its type. It has been operating for ten years and is expected to be completed within the next five years.
It already has 80 signed contacts with $300 Million invested and with over 1000 employees. When completed, AIIE will have over $ 600 Million invested and more than 2000 employees.
The new Shenzhen Aqaba Estate is planned for an additional $700 million investment and should create an additional 2500 jobs.
The Shenzhen Aqaba Industrial Estate will be the first Shenzhen based project of its type outside China.
Documentation, Planning and Permitting should be completed in 2016. The Estate should be operational in 2017. Until then, new demand for space will be met at the existing AIIE facility.
SZCI is a public organization encouraging and supporting Shenzhen Business Investment outside China. It was represented at the signing by Executive President Ms. Nuzhen Liu.
ADC is the economic development arm of ASEZA It was represented at the signing by its CEO Eng. Ghassan Ghanem.
PBIA a privately owned company, is the developer of AIIE and of renewable energy and energy saving projects in Jordan and Turkey. It was represented at the signing by its Chairman and CEO Mr. Sheldon Fink.