Citi To Host "Invest In Aqaba" Seminar

Press release
Published June 24th, 2014 - 12:44 GMT
Aqaba is a strategically located safe haven sharing a coastline with Egypt and bordering Saudi Arabia, Syria, Iraq, and Israel at the mouth of the Red Sea.
Aqaba is a strategically located safe haven sharing a coastline with Egypt and bordering Saudi Arabia, Syria, Iraq, and Israel at the mouth of the Red Sea.

With the support of the Business Council for International Understanding (BCIU), a delegation from Aqaba, Jordan, will be in New York to highlight foreign investment opportunities in Aqaba for U.S. companies. The private sector delegation, convened by the Aqaba Special Economic Zone Authority (ASEZA) and the Aqaba Development Corporation (ADC), includes representatives from various sectors including industry and logistics, infrastructure and real estate, and tourism.

Aqaba is a strategically located safe haven sharing a coastline with Egypt and bordering Saudi Arabia, Syria, Iraq, and Israel at the mouth of the Red Sea. Last October the U.S. signaled its confidence in the Jordanian market by guaranteeing a landmark $1.25 billion in U.S.?backed bonds. For global investors interested in accessing the regional market, Aqaba offers unparalleled advantages as a springboard thanks to free trade access to more than 1 billion consumers. Investment in the Aqaba region has already reached $20 billion, far greater than the Aqaba Special Economic Zone Authority's initial goal of $6 billion by 2020, and includes plans for a downtown city, three integrated tourist resorts, a $65 million LNG terminal, an $18 billion LPG pipeline to Iraq, an ambitious container terminal expansion, and a port revitalization project.

WHO: Dr. Kamel Mahadin, Chief Commissioner, Aqaba Special Economic Zone Authority (ASEZA); Dr. Umayya Toukan, Minister of Finance, Government of the Hashemite Kingdom of Jordan; U.S. Ambassador to Jordan Stuart E. Jones; Mr. Emad Kilani, CEO, Al Maabar Jordan; Mr. Mahmoud Zuaiter, CEO, Tala Bay (Jordan Projects for Tourism Development); Mr. Sheldon Fink, CEO, PBI Aqaba; Mr. Bashir Abu Rumman, Vice-President, Aqaba Development Corporation (ADC); Mr. Munir Asaad, General Manager, Aqaba Airports Company; and Mr. Hani Shatara, General Manager, Aqaba Air Cargo Terminal.

WHO: Dr. Kamel Mahadin, Chief Commissioner, Aqaba Special Economic Zone Authority (ASEZA); Dr. Umayya Toukan, Minister of Finance, Government of the Hashemite Kingdom of Jordan; U.S. Ambassador to Jordan Stuart E. Jones; Mr. Emad Kilani, CEO, Al Maabar Jordan; Mr. Mahmoud Zuaiter, CEO, Tala Bay (Jordan Projects for Tourism Development); Mr. Sheldon Fink, CEO, PBI Aqaba; Mr. Bashir Abu Rumman, Vice-President, Aqaba Development Corporation (ADC); Mr. Munir Asaad, General Manager, Aqaba Airports Company; and Mr. Hani Shatara, General Manager, Aqaba Air Cargo Terminal.

WHEN: Tuesday, June 24, 20149:00 a.m. - 11:00 a.m.; networking/media sessions to follow.

WHERE: Offices of Citigroup: Auditorium, 12th Floor, 399 Park Avenue (at 53(rd) St.), New York, NY 10022

PRESS RSVP: Registration is strictly required. If you are interested in attending the seminar, please RSVP to Tola St. Matthew-Daniel at [email protected] or 917-818-6196.

Background Information

Aqaba Special Economic Zone

The Aqaba Special Economic Zone is a global hub, with three continents converging and forming a global hub for investors and tourists alike. The region lies on the Gulf of Aqaba, which flows into the Red Sea. It extends to the borders of Israel , Saudi Arabia and connects Egypt's territorial waters. It forms a strategic outlet for regional and international markets, maximizing business opportunities in all sectors and providing an advanced standard of living. The Aqaba Special Economic Zone Authority plays a leading role at the administrative and governmental level in the Hashemite Kingdom of Jordan and applies the principle of good governance based on transparency and effectiveness in the decision-making process. The Authority is an independent institution that deals with the development and management of the Aqaba Special Economic Zone and provides integrated services to investors and registered companies. The Authority is administered by a six-member Board of Commissioners headed by the Chairman of the Board of Commissioners, each responsible for organizing and managing legislative, legal and regulatory activities in the region. The Aqaba Special Economic Zone Authority is the symbol of renewal and is committed to ensure transparency through its modern and effective laws and regulations.

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