Jordan's finance minister meets to secure hospitality investment projects
Al Maabar plans to invest $10billion in the Aqaba region
Finance Minister Suleiman Hafez on Tuesday met with Al Maabar Chairman Yousef Al Nowais and an accompanying delegation from the United Arab Emirates.
Nowais, who is also deputising for Al Maabar International, highlighted the company’s projects in Jordan, stressing that it seeks to establish long-term investments in the Kingdom due to the political stability it enjoys, in addition to facilities it provides for investors.
Hafez said Jordan’s vision for economic reform includes improving the competitiveness of the national economy and raise the level of the private sector’s participation in economic activities.
Al Maabar International is implementing the $10 billion Marsa Zayed project in Aqaba and is also carrying out investment projects worth $300 million in the field of hospitality.
- Nip, tuck: Dubai's grand plans for being a major player in medical tourism
- Zain, UNHCR, Facebook to bring free internet access to urban refugees in Jordan
- Yemen Central Bank headquarters to relocate from Sanaa to Aden
- IMF report details the crippling economic effects of conflict in MENA
- Start Up Lebanon entrepreneurs head to Silicon Valley Roadshow
- Gulf Finance House, Kuwait Finance and Investment Company unveils Royal Village component of US$1 billion Royal Metropolis project
- jordan investment trust concludes ipo preparations for inwan investment plc to be named amlak finance (jordan)
- Egypt secures $216m from Arab Fund for Cairo power plant
- A fresh start? Not really. Meet Egypt's 'new' economic cabinet