In a strategic move to solidify Aqaba’s standing as a premier economic and commercial center, the Aqaba Development Corporation signed a cooperation agreement today, Monday, February 10, 2025, with "Markazia Toyota" to establish the first regional car showroom and service center in Aqaba. The agreement was signed by Mr. Hussein Al-Safadi, CEO of the Aqaba Development Corporation, and Nadim Haddad, Executive Director of Markazia Trading and Vehicles, at the “Markazia Innovation Center.”

The project will be implemented in the new business district of the northern central zone, a prime location with integrated infrastructure that will significantly drive the city's economic growth. Spanning 5,000 square meters, the project includes a state-of-the-art car showroom, administrative offices, and a regional service center designed to meet the automotive needs of Aqaba and the southern region. This expansion will enhance Markazia Toyota’s ability to provide high-quality and comprehensive maintenance services.

This agreement represents a pioneering step toward attracting global automotive brands to Aqaba, fostering competition, and elevating service standards for both residents and visitors. The project will also generate numerous job opportunities for Aqaba’s workforce in the automotive and maintenance sectors, contributing to the development of the local labor market.

Commenting on the agreement, Al-Safadi stated: “At the Aqaba Development Corporation, we are committed to attracting investments that boost the local economy and to creating a promising investment environment that meets investors' needs. This agreement with Markazia Toyota adds great value to our projects in the northern central zone, and we are confident that this initiative marks the beginning of further collaborations with international companies, ultimately revitalizing the business district and strengthening Aqaba’s position as a prime investment destination.”

For his part, Haddad praised the Aqaba Development Corporation’s role in facilitating business operations and attracting investments. He described this project as a testament to Markazia Toyota’s commitment to expanding its service network across the Kingdom. He stated: “We are proud of our partnership with the Aqaba Development Corporation, which has taken the lead in supporting projects that meet the needs of Aqaba’s residents and the southern region while promoting economic growth. This initiative reinforces Aqaba’s investment appeal and aligns with the Kingdom’s vision for sustainable growth and long-term investment attraction.”

The Strategic Advantages of the New Business District

The new business district in the northern central zone offers numerous strategic advantages, featuring fully developed infrastructure, including roads, electricity, and water. Additionally, it benefits from flexible regulatory frameworks that allow investors to build on up to 42% of their land, with the possibility of constructing buildings up to seven stories high.

These features provide investors with significant flexibility in executing their projects according to market demands, making the area an attractive and promising investment hub.

In 2024, the Aqaba Development Corporation signed multiple agreements with investors across various sectors as part of its ongoing efforts to revitalize the business district in the northern central zone. This underscores the corporation’s commitment to enhancing Aqaba’s infrastructure and attracting investments to the city.

It is worth noting that the Aqaba Development Corporation, the investment arm of the Aqaba Special Economic Zone Authority, is dedicated to positioning Aqaba as a premier investment destination by creating lucrative investment opportunities across six key sectors: entrepreneurship and innovation, education and vocational training, sustainability and green growth, transportation and logistics, industry, and tourism and lifestyle. These initiatives contribute to fostering sustainable economic growth in the city.