Aqaba Industrial City Company (PBI) and China's Jiangsu Hongdu Energy Technology Co., Ltd. signed a strategic cooperation framework agreement to enhance investment and industrial cooperation and explore new opportunities in the industry, technology, and energy sectors, contributing to attracting quality investments to the Aqaba Special Economic Zone.
The agreement was signed at the Aqaba Development Company building in the presence of the President of the Aqaba Special Economic Zone Authority, Shadi Shukri Majali, and the CEO of Aqaba Development Company, Hussein Al-Safadi. The agreement was signed on behalf of PBI by the CEO, Adel Yan, and on behalf of Jiangsu Hongdu by the General Manager, Tang Jiangxing.
This agreement comes within the ongoing efforts to attract high-value industrial and technological investments to the Aqaba Special Economic Zone and to continue expanding the base of international investments there. These efforts aim to enhance Aqaba's position as a competitive regional platform for investment, manufacturing, and export and to support sustainable industrial development focusing on high-value-added sectors.
Shadi Majali, Chairman of the Board of Commissioners of the Aqaba Special Economic Zone Authority, said that the agreement reflects the growing interest of Chinese companies in Aqaba and its attractive investment environment, competitive advantages, and strategic location, which qualify it as a regional center for industry, trade, and technology. He pointed out that the authority, in partnership with Aqaba Development Company, continues to develop the investment environment to support the flow of quality investments and enhance economic growth.
Majali explained that the project of Jiangsu Hongdu in the Qawra International Industrial City, which includes activities in the fields of energy and technology, aligns with Aqaba's direction towards expanding the productive base, value-added industries, increasing exports, and creating job opportunities, thereby enhancing the contribution of the Special Economic Zone to national economic development and opening wider horizons for investors in the region's markets.
For his part, Hussein Al-Safadi, CEO of Aqaba Development Company, confirmed that developing the investment environment, infrastructure, and supporting business services is a key element in enabling investors to implement their projects efficiently and sustainably.
Al-Safadi pointed out that the expected investment in Qawra International Industrial City enhances the role of industrial cities in attracting quality projects and expanding industrial and export activity, confirming the continued cooperation and integration with the Aqaba Special Economic Zone Authority, partners, and investors to create an environment capable of attracting new investments that contribute to sustainable economic development in Aqaba.
For her part, Adel Yan, CEO of Aqaba Industrial City, said that signing the agreement represents an important step within the company's efforts to attract high-quality international industrial investments to Aqaba.
She pointed out that the growing interest of Chinese companies in investing in the region reflects the competitive advantages that Aqaba enjoys, its suitable investment environment, and its strategic location, which provides effective access to regional and international markets.
Yan added that cooperation with Jiangsu Hongdu Energy Technology Co., Ltd. opens new investments in the industry, energy, and technology sectors, confirming that the city will continue to work closely with the Aqaba Special Economic Zone Authority and Aqaba Development Company to provide a supportive environment for investors and attract projects that contribute to industrial growth, increase exports, create job opportunities, and achieve broader economic development.
For his part, Tang Hongxin, General Manager of Jiangsu Hongdu Energy Technology Co., Ltd., confirmed that the company views Jordan and Aqaba in particular as a strategic gateway for expanding its business and presence in the Middle East and surrounding regional markets.
Hongxin explained that the company plans to invest about $100 million in Qawra International Industrial City (QIIE) through a series of projects related to the industry, energy, and technology sectors. After implementing these projects, it is expected to achieve annual exports worth approximately $200 million.
The planned investments are also expected to contribute to the establishment of a cluster of interconnected industries in Qawra International Industrial City, which will attract suppliers, technology partners, supporting manufacturers, and contribute to developing an integrated industrial system within the industrial city.
It is worth noting that Jiangsu Hongdu Energy Technology Co., Ltd. operates in the fields of manufacturing electrical equipment, energy equipment, solar energy projects, and electrical engineering, and seeks to expand its presence in regional markets, with Jordan forming a strategic base for manufacturing, investment, and export.
