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Skip Navigation LinksHome :: Banking :: Jordan plans new development zones in Jordan Valley and Dead Sea.

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.







Banker: Our deals will move the markets and drive other banks to push boundaries... Euromoney: Really... can you give me some examples of this from the last 12 months? Banker: Well yes... and no.... we haven’t technically done these deals yet but we are putting thought into their structures as we speak

A candidate for a ‘Better luck next year’ award, perhaps. -Awards for Excellence 2008 Off the record special

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