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Monday, August 18, 2008

Jordan plans new development zones in Jordan Valley and Dead Sea.





Jordan plans new development zones in Jordan Valley and Dead Sea. Jordan's labour minister Bassem Salem said that the government plans to set up development zones in the Jordan Valley and the Dead Sea area to ensure sustainable economic growth throughout the country. The development zones are expected to address poverty and unemployment problems and improve the living standard of people in such areas. Salem pledged the government would tackle obstacles facing investors in order to boost investments. Jordan established King Hussein Ben Talal Economic Zone in Mafraq and the Economic Development Zone in Irbid. The former seeks to draw around JOD 0.8bn in investments and to provide around 35,000 workplaces, while the latter plans to draw around JOD 0.5bn in investments and to provide around 13,000 jobs.







This proposal goes against the heart of Basle II

Alexander Batchvarov, Merrill Lynch

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