Jordan's
strategic location at the meeting point of Asia, Europe and Africa makes it
a unique link between the three continents. The Kingdom represents an ideal
gateway to key markets throughout the Middle East and North Africa region
(MENA).
Jordan is one of the most promising emerging and plays a pivotal role in the
economic development of the region. The Kingdom's internal stability is
anchored by its political prominence, active regional participation, steady
economic structure and popular leadership.
Under the leadership of His Majesty King Abdullah, Jordan has demonstrated
its commitment to economic reform, especially in the areas of privatization
and improving the investment climate. The Government is currently in the
process of privatizing its national carrier, the Royal Jordanian airlines.
In April 2000, Jordan acceded to the World Trade Organization (WTO), a
process that entailed extensive legislative and regulatory reform. Jordan
and the U.S. signed a Free Trade Agreement (FTA) in October 2000, which will
eliminate virtually all trade barriers between the two countries over a
period of several years and create new opportunities for commercial business
ventures for U.S. firms seeking to enter the Jordanian market and/or the
Middle East region.
Aqaba, Jordan's only seaport, represents a strategic advantage to Jordan's
economy as it sits on the tip of the Red Sea Gulf, thus connecting Jordan to
various markets throughout the region and the world. The port city has
emerged as a thriving oasis combing profitable business opportunities with
well-developed residential projects. In May 2001, the Government converted
the Aqaba port and surrounding area into a special economic zone (ASEZA)
with streamlined bureaucracy, lower taxes and facilitated customs handling.
In the ASEZA, the private sector has been given a free hand to develop
transportation and communication services, tourism and high value-added
activities.
Located north of the city, AQABA's King Hussein International Airport boats
modern terminals that can accommodate large numbers of travelers and cargo.
The airport constitutes the base of Trafic's operations as it is praised for
its tight security backed with state-of-the-art technologies, including
computerized detection devices and modern surveillance utilities.


