Latest news with #AqabaDevelopmentCorporation
Jordan News
30-04-2025
- Business
- Jordan News
Government Allocates Sites for Establishing Four Gaming and E-Sports Centers as Part of the Creative Industries Initiative
Government Allocates Sites for Establishing Four Gaming and E-Sports Centers as Part of the Creative Industries Initiative The government has designated locations for the establishment of four gaming and e-sports centers as part of a dedicated project in this domain. It has signed memorandums of understanding with Aqaba Development Corporation to attract an investor in Aqaba Governorate, and with Yarmouk University to attract an investor in Irbid Governorate. اضافة اعلان According to a report by the Jordan News Agency (Petra), featured in the Q1 2025 Executive Program for the Economic Modernization Vision 2023–2025, under the creative industries sector, the government has contracted an operator to design and manage two pioneering centers in the southern and northern regions as part of the technology centers initiative. In the film production sector, the government has updated its study on the economic impact of incentives offered to audiovisual production projects. It has submitted a revised version of the financial rebate framework—commonly known as production incentives—for approval and implementation. — (Petra)
Zawya
22-04-2025
- Business
- Zawya
Jordan: JFDZG highlights investment zones at Aqaba-hosted Transport Middle East Expo
AMMAN: The Jordan Free and Development Zones Group (JFDZG) on Sunday participated in the Transport Middle East 2025 Exhibition and Conference, held in Aqaba, in partnership with the Aqaba Development Corporation and with the support of the Aqaba Special Economic Zone Authority and APM Terminals. As the region's 'leading' annual forum for the ports, transport, and sustainable logistics sectors, the event attracted more than 300 industry leaders and experts from Europe, the Middle East, and Africa, the Jordan News Agency, Petra, reported. The conference served as a 'key' platform for discussing global trends in trade, connectivity and logistics innovation. JFDZG's participation focused on promoting the diverse investment opportunities available across its network of free and development zones, which include the Queen Alia Airport Free Zone, Zarqa Free Zone, Al Muwaqqar, Al Karama, Sahab, and Karak. These zones are among Jordan's "most competitive" destinations for regional and international investors. The group also highlighted Jordan's emerging role as a regional hub for transport and logistics, especially in light of Aqaba's "ongoing" transformation into a global gateway. With its strategic location on the Red Sea, Aqaba is positioned as a "vital" entry point to Jordan and the broader Levant region. Officials from the group stressed the significance of integrated logistics infrastructure and 'streamlined' investment processes in enhancing the competitiveness of Jordan's free and development zones. They also underscored the group's commitment to supporting national economic growth by attracting foreign direct investment and fostering regional trade.
Jordan Times
21-04-2025
- Business
- Jordan Times
JFDZG highlights investment zones at Aqaba-hosted Transport Middle East Expo
AMMAN — The Jordan Free and Development Zones Group (JFDZG) on Sunday participated in the Transport Middle East 2025 Exhibition and Conference, held in Aqaba, in partnership with the Aqaba Development Corporation and with the support of the Aqaba Special Economic Zone Authority and APM Terminals. As the region's 'leading' annual forum for the ports, transport, and sustainable logistics sectors, the event attracted more than 300 industry leaders and experts from Europe, the Middle East, and Africa, the Jordan News Agency, Petra, reported. The conference served as a 'key' platform for discussing global trends in trade, connectivity and logistics innovation. JFDZG's participation focused on promoting the diverse investment opportunities available across its network of free and development zones, which include the Queen Alia Airport Free Zone, Zarqa Free Zone, Al Muwaqqar, Al Karama, Sahab, and Karak. These zones are among Jordan's "most competitive" destinations for regional and international investors. The group also highlighted Jordan's emerging role as a regional hub for transport and logistics, especially in light of Aqaba's "ongoing" transformation into a global gateway. With its strategic location on the Red Sea, Aqaba is positioned as a "vital" entry point to Jordan and the broader Levant region. Officials from the group stressed the significance of integrated logistics infrastructure and 'streamlined' investment processes in enhancing the competitiveness of Jordan's free and development zones. They also underscored the group's commitment to supporting national economic growth by attracting foreign direct investment and fostering regional trade. Page 2
ME Construction
17-02-2025
- Business
- ME Construction
MAG Group appointed as lead developer by AD Ports Group
Property MAG Group appointed as lead developer by AD Ports Group By Marsa Zayed is a project to turn a 320-hectare section of Red Sea beachfront into a tourism and business hub MAG Group Holding has been selected as lead developer for the first phase of Marsa Zayed, a beachfront resort and residential community planned on the Red Sea in Aqaba, Jordan. Marsa Zayed will take shape on land owned by AD Ports Group. Marsa Zayed is a project to turn a 320ha section of the Red Sea beachfront into a tourism and business hub and a southern gateway to Jordan's attractions, the UNESCO World Heritage Site Petra and the Wadi Rum Protected Area. The project is a collaboration between the UAE and Jordanian governments, with the focus of enhancing the coastal city's standing as a regional tourism destination and a gateway for travelers exploring the Red Sea. AD Ports Group has developed and is operating the Aqaba Cruise Terminal, which opened in January 2023, under an agreement signed with and Jordanian state-run Aqaba Development Corporation (ADC) in 2021. MAG Holding will attract investors and oversee the development of Phase 1 of Marsa Zayed, which will span 1.2km of Red Sea beachfront, and include Zayed Riviera, which will house four residential towers, a Marina with around 1,260 residential and 117 retail units, a hotel and hotel apartment with a beach club, an Old Souq marketplace with 50 retail shops, restoration of iconic Aqaba 'Minerat, and a yacht club and marina, as well as a visitors' centre. AD Ports Group signed in January 2024 a shareholder's agreement between its digital arm, Maqta Technologies, and Aqaba Development Corporation (ADC) for their existing joint venture (JV) company, Maqta Ayla. The JV will revolutionise Aqaba's port operations by implementing a Port Community System (PCS) that leverages Maqta Gateway's expertise, marking the first-ever export of Abu Dhabi's port digitalisation solution. Moafaq Ahmed Al Gaddah, Chairman and Founder of MAG Group Holding said, 'We are excited to be part of what I consider to be one of the most exciting real estate development projects in the Red Sea region, one that not only will transform the economic potential of Jordan's maritime resources, but lead to a vibrant coastal ecosystem that stimulates economic growth across this part of the Middle East. We deliver our award-winning services to local and international customers in such a way that they most importantly benefit our customers and the communities in which we operate.' Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group added, 'Today's ceremony is a significant step in our strategic plan to support the Government of Jordan in developing Aqaba into a premier world-class destination for tourism and economic development. This first phase of Marsa Zayed will enable AD Ports Group to deliver on our wise leadership's vision to add economic value to this lively region. We are grateful for the support and assistance of our valued partner, ADC, and to our valued real estate development partner MAG Holding, for this collaborative effort to advance the growth of Aqaba.' An active investor in the Red Sea region, AD Ports Group has also signed long-term concessions to develop and operate cruise terminals at the Red Sea ports of Safaga, Hurghada, Al Sokhna, and Sharm El-Sheikh, and to build and operate a multipurpose port in Safaga and a Ro-Ro terminal in Al Sokhna.
Mid East Info
05-02-2025
- Business
- Mid East Info
MAG Group Holding Appointed as Lead Developer for Marsa Zayed Beachfront Development by AD Ports Group - Middle East Business News and Information
MAG Group Holding, an award-winning diversified international real estate group based in Dubai, UAE, has been selected as lead developer to realise the first phase of Marsa Zayed, a major beachfront resort and residential community planned on the Red Sea in Aqaba, Jordan. Marsa Zayed is a transformational project to turn a 320-hectare (3.2 million m 2 ) section of Red Sea beachfront into a tourism and business hub and a southern gateway to Jordan's principle attractions, the UNESCO World Heritage Site Petra and the Wadi Rum Protected Area. MAG Group Holding was selected as the lead developer of Marsa Zayed by AD Ports Group (ADX: ADPORTS), the integrated trade, transport and logistics group based in Abu Dhabi that is the land owner for the project. AD Ports Group developed and is operating the Aqaba Cruise Terminal, which opened in January 2023, under an agreement signed with and Jordanian state-run Aqaba Development Corporation (ADC) in 2021. Marsa Zayed is a beachside real estate project collaboration strongly backed by the UAE and Jordanian governments to bolster the Jordanian coastal city's position as a regional tourism centre and a gateway for travellers visiting the Red Sea. MAG Holding will attract investors and oversee the development of Phase 1 of Marsa Zayed, which will span 1.2 km of Red Sea beachfront, and include Zayed Riviera, which will house four residential towers, a Marina with around 1,260 residential and 117 retail units, a hotel and hotel apartment with a beach club, an Old Souq marketplace with 50 retail shops, restoration of iconic Aqaba 'Minerat, and a yacht club and marina, as well as a visitors' centre. At the project initiation ceremony in Aqaba, AD Ports Group and MAG Group launched an international campaign to promote the first phase of Marsa Zayed, which the organisers expect will be one of the Middle East's most exciting tourist destinations. Adding pace to its strategic plan to enhance maritime and tourism in Aqaba, AD Ports Group signed in January 2024 a shareholders' agreement between its digital arm, Maqta Technologies, and Aqaba Development Corporation (ADC) for their existing joint venture company, Maqta Ayla. The joint venture will revolutionise Aqaba's port operations by implementing a Port Community System (PCS) that leverages Maqta Gateway's expertise, marking the first-ever export of Abu Dhabi's port digitalisation solution. An active investor in the Red Sea region, AD Ports Group has also signed long-term concessions to develop and operate cruise terminals at the Red Sea ports of Safaga, Hurghada, Al Sokhna, and Sharm El-Sheikh, and to build and operate a multipurpose port in Safaga and a Ro-Ro terminal in Al Sokhna. Moafaq Ahmed Al Gaddah, Chairman and Founder of MAG Group Holding, said: 'We are excited to be part of what I consider to be one of the most exciting real estate development projects in the Red Sea region, one that not only will transform the economic potential of Jordan's maritime resources, but lead to a vibrant coastal ecosystem that stimulates economic growth across this part of the Middle East. We deliver our award-winning services to local and international customers in such a way that they most importantly benefit our customers and the communities in which we operate.' Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said: 'Today's ceremony is a significant step in our strategic plan to support the Government of Jordan in developing Aqaba into a premier world-class destination for tourism and economic development. This first phase of Marsa Zayed will enable AD Ports Group to deliver on our wise leadership's vision to add economic value to this lively region. We are grateful for the support and assistance of our valued partner, ADC, and to our valued real estate development partner MAG Holding, for this collaborative effort to advance the growth of Aqaba.'' Founded in 1978, MAG Holding Group has built some of Dubai's most iconic high-rise developments, such as Emirates Financial Towers, and major developments abroad such as The Gate, a mixed residential, commercial, office retail complex in the northern suburbs of Dallas, Texas, in the United States. The multinational company has a portfolio of real estate, contracting and engineering, industrial and commercial trading, freight services, and hospitality assets. Jordan is one of the UAE's closest allies and trading partners, and trade volume between the countries reached USD 4.1 billion (AED 15.4 billion) in 2023, according to the UAE Ministry of Economy. AD Ports Group, which is 75.4% owned by UAE state investment holding company ADQ, is one of the largest cargo and cruise terminal operators in the Red Sea region.
