ADC, Markazia Toyota Sign Agreement To Establish Showroom, Regional Service Centre In Aqaba

(MENAFN- Jordan Times) AMMAN - Emphasising strategic efforts to reinforce Aqaba's position as a leading economic and commercial hub, Aqaba Development Corporation (ADC) has signed a cooperation agreement with Markazia Toyota to develop the first car showroom and regional service centre in the coastal city.

The agreement was signed on Monday, by ADC CEO Hussein Safadi, and Markazia Group CEO Nadim Haddad, at the Markazia Innovation Centre.

The project will be located in the newly developed North Business District, a prime area with integrated infrastructure that supports Aqaba's economic growth.

Spanning 5,000 sqm, the commercial complex will feature a state-of-the-art showroom, admin offices and a regional service center designed to meet the automotive needs of Aqaba and Jordan's southern region, thereby boosting Markazia Toyota's capacity to deliver high-quality, comprehensive maintenance services.

This partnership marks a significant step toward attracting international automotive brands to Aqaba, fostering a more competitive market and elevating service standards for residents and visitors alike.

The project is also expected to generate employment opportunities for local talent within the automotive and maintenance sectors, further supporting the city's labour market.

"At ADC, we are committed to attracting strategic investments that drive local economic growth while creating a dynamic investment ecosystem that caters to the diverse requirements of investors.

Our partnership with Markazia Toyota adds great value to our projects in the northern zone, and we are confident it will pave the way for further collaborations with global companies, revitalising the North Business District and cementing Aqaba's status as a premier investment destination," commented Hussein Safadi.

In turn, Haddad praised ADC's role in fostering a business-friendly environment, highlighting the project as a testament to Markazia Toyota's dedication to expanding its service network nationwide.

He elaborated, "We are proud to collaborate with ADC, which has been instrumental in supporting projects that meet the needs of Aqaba's residents and the broader southern region.

This initiative accelerates economic growth, enhances Aqaba's appeal as an investment hub and aligns with the Kingdom's vision for sustainable development and long-term investment."

The North Business District offers an array of strategic benefits, including fully developed infrastructure - roads, electricity and water - along with flexible regulatory frameworks that allow investors to build up to 42 per cent of the land, with structures reaching up to seven floors.

These benefits grant investors significant agility to tailor their projects to market demands, making the district an increasingly attractive investment hub.

In 2024, ADC signed multiple agreements with investors across various sectors as part of its ongoing efforts to revitalise the North Business District, reflecting its commitment to improving Aqaba's infrastructure and attracting high-value investments to the city.

ADC - the investment arm of the Aqaba Special Economic Zone Authority (ASEZA) - is dedicated to positioning Aqaba as a premier investment destination.

ADC actively promotes investment opportunities across six key sectors: Creative Industries, Vocational Training and Skills Development, Green Growth and Sustainability, Transport and Logistics, Manufacturing, Tourism and Lifestyle - driving sustainable economic growth for the city.

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