Aqaba Development Corporation (ADC), the central development arm of the ASEZA, was launched in 2004.
ADC is owned by the Government of Jordan and ASEZA, is mandated to build new infrastructure and required superstructure, expand existing utilities, create necessary business enablers and manage/operate key facilities for ASEZ.
ADC owns the ports, airport, and strategic parcels of land. It also has the development/management rights for these assets and key infrastructure and utilities. It strives to develop these assets and optimize private sector participation in their development and management to stimulate the economy and promote growth and development of ASEZ and, thus, Jordan.
ADC has launched a number of enabler projects aiming at supporting the business environment in Aqaba. Enabler projects include but are not limited to Aqaba International School, Labor Housing Villages, and Aqaba Stadium. Moreover, ADC has formed several public and private partnerships through B.O.T or JVs such as Aqaba Container Terminal, Aqaba Air Cargo Terminal, Aqaba Ports Marine Services, and Aqaba National Real Estate Project. This has resulted in improved services provided and increasing efficiency in addition to generating revenue for both ADC and its partners.
Since the launch of ASEZ in 2001, Aqaba has witnessed a considerable increase in its population. Additionally, the value of committed investments in Aqaba has exceeded USD 20 billion mainly in Aqaba International Industrial Estate (AIIE), National Real-Estate Company (NREC), and other mega projects in the fields of transport, logistics services, education, and tourism such as developments in Marsa Zayed, Ayla Oasis, Saraya Aqaba, and Tala Bay.
