Aqaba Special Economic Zone – ASEZ

Aqaba Special Economic Zone – ASEZ
By Prof. Dr. Kamel O. Mahadin
Chief Commissioner
A Model of Governance!
October, 2014
Vision of the ASEZ
launched in 2001 as a duty-free, low tax
multi-sector development zone;
ASEZ area is 375 Km2 and encompasses
the total Jordanian coastline of (27 km);
Sea-ports, and International Airport;
Population of over 140,000 people;
ASEZ is regulated by the Aqaba Special
Economic Zone Authority - financially &
administratively autonomous institution!
ASEZA adopted a comprehensive Master
Plan encompassing all development
activities in the Zone (Portal, Urban,
Tourist, Commercial, Academic… etc.)
Vision of the ASEZ
“a world class business hub and leisure
destination on the Red Sea, acts as a
development driving force for Jordan
that improves the quality of life and
prosperity for the community through
sustainable development”
Strategic Location
3 Continents – 5 Countries
Gateway
to the Levant
ASEZA Law (32) of
the Year 2000
Signed Almost
30 MOU’s
Market Access
Natural & Historical
endowments
ASEZA
Cultural
endowments
Number of Free Trade
Agreements
One-Stop-Shop
Multi-Modal
Transport hub
World-class
Incentives
Flexible Regulatory
Framework
Advanced
Master Plan
Tourism Destination
‘Golden-Triangle’
Open-skies
International Airport
Aqaba Development
Corporation (ADC)
Duty-Free Zone
ASEZ COMPETITIVE ADVANTAGE TO ATTRACT INVESTMENTS
ASEZ Master Plan
2001 - 2020
Aqaba Town
Port Areas
Coral Costal Zone
Southern Industrial Zone
Airport Industrial Zone
Launched in 2004 as ASEZA
Central Development ARM
Ownership
GOVERNMENT, ASEZA & ADC
Flexibility of the Model!
Prime Ministry
Supervises the work of ASEZA;
Prime Minister is represented in ASEZ by ASEZA Chief Commissioner &
Chairs the ASEZA meeting when present.
Independent Government entity reports directly to the Prime Minister.
ASEZA
JOINT
COMMITTE
Sets Zone Rules and Regulations.
Is managed by a Board of Commissioners (total of 6)
Provides one-stop shop Administrative Services (including administration
of customs and taxes)
Develop the Zone, including infrastructure development (excluding all
sovereign services);
Provide efficient utility and other services to Zone tenants;
ADC
Market the Zone in integrated manner to local and international investors;
Invest in Enabling facilities (e.g. training, labor pool, etc.);
Recommended to be a single private sector operator/developer to achieve
critical scale and higher efficiency.
ASEZA – PEOPLE FOCUSED ROLE
ASEZA
ASEZ
MANAGEMENT
REVENUE
COLLECTION
PUBLIC & SOCIAL
WELFARE
ASEZ
PROMOTION
BUSINESS
FACILITATION
ASEZ MANAGEMENT:
Municipal Projects, Police & Public Security, Urban Planning &
Zoning, Coast Guard, Fire Department.
REVENUE COLLECTION:
Tax Collection, Sales of Residential Lands, Customs.
PUBLIC WELFARE:
New Public Hospital Facilities, New Public Educational Facilities.
ASEZ PROMOTION:
General ASEZ Promotion, Tourism Promotion.
BUSINESS FACILITATION: Licensing & Registration, Permits, One-Stop Approvals.
ADC – BUSINESS FOCUSED ROLE
ADC
INFRASTRUCTURE
DEVELOPMENT
BUSINESS / LAND
DEVELOPMENT
ENABLING
PROJECTS
PROGRAM
MANAGEMENT
OPERATION
MANAGEMENT
INFRASTRUCTURE
DEVELOPMENT:
Port Development, Airport Development, Utilities, Surface
Transport Development.
BUSINESS / LAND
DEVELOPMENT:
Land Development, Business Marketing & Investment Promotion,
New Business Land-related Development, Land Lease & Sale.
ENABLING PROJECTS: Development of Tourism Attractions and Shared Services.
PROGRAM
MANAGEMENT:
Logistics Projects, Tourism Development, Industrial Zone Planning,
Development Program.
OPERATION
MANAGEMENT:
Warehousing Operations, Lease Operations
ADC SUBSIDIARIES
Royal Jordanian Falcons
Funded by ADC
Saraya Aqaba
(5.4%)
Aqaba Container Terminal
(49.9%)
Aqaba National Real Estate
(30%)
Aqaba Water Company
(15%)
Ports Authority (100%)
Aqaba Port Marine Services
(30%)
Aqaba AirPorts Company
(100%)
Aqaba International School
(100%)
Al Madaen Market
(47%)
United Transportation
(15%)
Current on-ground Achievements
2013
far beyond Initial Objective
Achievements Exceeded The Master Plan
Target by more than 300% in a short period
of time.
Real Estate & Tourism Projects
Ayla Oasis
Total Area : 4.3 million sqm
Investment Value: USD 2.5 Billion
Marsa Zayed
Total Area : 3.2 million sqm
Investment Value: USD 10 Billion
Saraya Aqaba
Total Area : 634,000 sqm
Investment Value: USD 1.5 Billion
Tala-Bay Resort
Total Area : 2.7 million sqm
Investment Value: USD 1.2 Billion
Enabler Projects / PPPs
Produce Market
Total Area : 10,000 sqm
Investment Value: USD 10 Million
Aqaba University
Total Area : 500,000 sqm
Investment Value: USD 150 Million
Labor Village
Total Area : 36,000 sqm
Investment Value: USD 20 Million
International School
Total Area : 31,000 sqm
Investment Value: USD 20 Million
Aqaba Town Park Project – in Pipeline!
AREA
303 DONUMS
LAND USE
CITY PARK
POPULATION
SURROUNDING THE
SITE
Around 50K
NO. OF RESIDENTIAL
5 (residential area
BLOCKS SURROUNDING 6,8,10 Rimal, and
THE SITE
Mahdood)
ESTIMATED
CONSTRUCTION
BUDGET
15.470 million JOD
C
A
B
Thank You