Economists: Incentives strengthen Aqaba industry
Economic experts have confirmed that the incentive package approved by the government to support the industrial sector in Aqaba will contribute to transforming it into a major industrial and logistical hub, while also enhancing the competitiveness of industrial projects both locally and internationally. The package includes support covering up to 75% of container handling costs at the Port of Aqaba for projects that perform complete assembly or manufacturing operations, thereby reducing transportation and logistics costs and increasing investment attractiveness. Experts explained that these measures will lead to attracting new projects, boosting trade activity and logistics services, and creating both direct and indirect employment opportunities. Additionally, they will support the development of a value chain linked to the automotive industry, enhancing added value and expanding export markets. These incentives are considered a strategic move to stimulate the local economy and strengthen Aqaba's role as an industrial center that promotes growth and employment.
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