The Aqaba Special Economic Zone (ASEZ) is a private sector-driven development initiative that maximizes private sector participation in a duty free, tax-advantaged and flexible regulatory operations environment providing a unique tourist destination on the Red Sea with a duty free shopping oasis accompanied with a high quality of life. Aqaba, Jordan,s only port, is strategically located at the north end of the Gulf of Aqaba and within sight of Egypt, Israel and Saudi Arabia. Historically, it has been a vital crossroads connecting trade routes in Asia, the Middle East and Europe.
The superior planning and the fast implementation of the zone’s plans along with the adoption of a comprehensive master plan are the factors behind the success of this Pioneering Economic Model in Jordan .This has encouraged private sector participation in all aspects of the Zone’s development and operations. It has also ensured the provision of world-class infrastructure and services to Aqaba’s investors, residents, and visitors alike.
Furthermore, the registered enterprises, operating in the ASEZ, receive an attractive package of benefits and exemptions. Aqaba’s duty free status, competitive incentives, low cost operating environment, predictable business-friendly legal framework and flexible labor policies, along with its world-class multimodal infrastructure offer businesses and investors one of the region’s leading gateways into the Middle East.
The Zone has witnessed many success stories; Example could be seen through the ability to build true partnership with the Zone,s developers whereby development is a joint process that is both profitable to the investor and meets the strategic goals availing enabling factors.
The Aqaba Special Economic Zone Authority (ASEZA) is the financially and administratively autonomous institution responsible for the management and regulation of the Zone. ASEZA sustains a globally competitive investor friendly environment and optimizes the efficient utilization of entrusted resources to internationally recognized standards. Moreover, ASEZA services and staff are available to serve every business through ASEZA’s electronically enabled one-stop-shop. This ISO Certified window provides services in a clear and prompt timeframe through a Law that simplifies all procedures, licenses, and approvals enabling the Authority to provide a business-friendly environment from one single location in Aqaba.