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Ammon News - The Aqaba Special Economic Zone Authority (ASEZA) has officially partnered with Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) through a new memorandum of understanding (MoU) aimed at boosting economic growth and investment in both countries’ special economic zones.

The agreement was signed by Naif Al-Fayez, ASEZA Chief Commissioner, and Ahmed bin Hassan Al-Dheeb, OPAZ Deputy Chairman.

In a statement, Al-Fayez highlighted the MoU's focus on several key areas, including attracting investments and sharing best practices related to the management and development of special economic zones.

Both parties are committed to exploring joint projects to enhance cooperation and create a robust institutional framework that fosters competitiveness and collaboration.

The MoU also emphasizes the importance of exchanging expertise in urban planning, facility management, and investment environments, including the implementation of smart city initiatives.

Al-Fayez noted that the agreement aims to facilitate the sharing of data and experiences related to infrastructure project management and financing, while also coordinating joint promotional efforts at regional and international conferences. This includes training opportunities for staff working in the economic zones and sharing valuable research and studies.

Additionally, the partnership will focus on improving logistics cooperation to better utilize transportation and storage facilities, with the goal of opening new export channels and increasing exports from both countries’ special economic zones.

The agreement is anticipated to pave the way for fruitful meetings between Omani and Jordanian investors and local and international business entities.

During the signing event, Al-Fayez also showcased significant projects in the Aqaba region, such as the Duqm Port, the dry dock, and the Karwa automotive plant, highlighting the potential for collaboration and investment.

Petra