Imad Fakhoury, deputy chairman of the ASEZA, told The Star that a new community development center was launched recently through all the development projects funded by local and foreign aid agencies for the betterment of Aqabaâ€s residents. â€œThe center would help the people in Aqaba to take their own initiative and encourage them to set up private businesses, mainly small- and medium-sized businesses that would help in alleviating poverty and unemployment in the area,â€ Fakhoury explained.He
pointed out that ASEZA
licensed more than 300,000 square meters in 2004 for commercial, industrial and touristic development projects. â€œThese projects aim at enhancing the human resources in the city and stimulate them to take part in the social and economic transformation plan in Aqaba.â€ Fakhoury affirmed that real estate businesses in Aqaba have mushroomed since the city was proclaimed a special economic zone in 2001.But he
reassured the Aqaba residents deprived of their homes on the seafront that ASEZA
is determined to compensate them with land in other locations.