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Wrong Imad Fakhoury?

Imad N. Fakhoury

Minister of Planning and International Cooperation

Minister Hadidi

Direct Phone: +962 * *** ****direct phone

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Background Information

Employment History

International Reports


Chairman and Chief Executive Officer

ADC


Commissioner for Investment and Economic Development

Aqaba Development Corporation


Regional Program and Policy Manager

Regional Bureau for Arab States


Affiliations

The King's

Chairperson of the Board of Trustees


AJEX

Board Member


Aqaba Special Economic Zone Authority

Chairman and Chief Executive Officer


Eisenhower Fellowships

Fellow


Education

BSc

biomedical engineering

Case Western Reserve University


MA

Public Policy

Kennedy School of Government at Harvard University


MBA

Kellogg School at Northwestern University


MSc

engineering management

Case Western Reserve University


Web References(184 Total References)


bciu.org

H.E. Imad Fakhoury, is the Minister of State for Mega Projects and also the Minister of Public Sector Development since 14/12/2009.
Prior to that, he was CEO of the Aqaba Development Corporation (ADC) and has held this position since December 2005. He is currently also the Deputy Chairman of the Board and prior to Jan. 2008 & since 2004 he also held the position of Chairman of the Board for ADC, and prior to assuming leadership at ADC and from January 2004 to December 2005, H.E. Mr. Fakhoury was the Deputy Chief Commissioner and Commissioner for Investment and Economic Development, Aqaba Special Economic Zone, a position he also held from 2000-2003. In 2003, he served as Chief of Staff to His Majesty King Abdullah II for Planning and Programming, Royal Hashemite Court. H.E. Mr. Fakhoury was President and COO of the Century Investment Group from 1999-2000 and from 1995-1999 served as the Director of Research and Economic Affairs and the Economic Advisor on the Peace Process for the Ministry of Foreign Affairs. He also held position of Regional Program and Policy Manager at Regional Bureau for Arab States at United Nations Development Program (UNDP) from 1992 to 1995. H.E. Mr. Fakhoury received his BSc in Biomedical Engineering and his MSc in Engineering Management from Case Western Reserve University. He has a Masters in Public Policy (MPP) from the Kennedy School of Government at Harvard University (1990-1992) and an MBA from the Kellogg School at Northwestern University (1996-1998). In 2002, he was awarded the Eisenhower Fellowship. H.E. Mr. Fakhoury is a board member of many prestigious organizations and national committees in Jordan. He also held Chairmanship position or board membership of several strategic PPP companies in Aqaba. In October of 2008, he was awarded Al Hussein Medal of the Second Order by His Majesty King Abdullah II in recognition of his dedicated efforts towards economic development and investment attraction.


www.internationalreports.net [cached]

Imad Fakhoury, Chairman and CEO of Aqaba Development Corporation "Aqaba is an interesting model to look at in terms of change brought on by His Majesty," said Imad Fakhoury, Chairman and CEO of the Aqaba Development Corporation.According to Fakhoury, the king asked an important question early on in his reign—how do we bring economic growth and prosperity to the people of Jordan, despite the fact that Jordan is a country that lives in a neighborhood where you don't have the luxury to focus internally and ignore what's going on outside your borders?Among the reforms to emerge was the creation of a free trade zone in Aqaba.The city had tremendous tourism potential, as well as a remarkable logistical potential; but unfortunately, said, Fakhoury, remained a sleepy port town for over forty years, essentially booming little bit when there was regional activity and sliding into recession when there was little traffic."It followed the economic cycle rather than actually helping to lead," said Fakhoury, "and in tourism it proved quite lacking in comparison to what it could be."Aqaba officials hope commerce and tourism will come to the port city just as these rare sea turtles do. Within the vision of pushing Jordan into the world economy,it's accession to the WTO, the free trade agreements with the United States and Europe, strides in education, as well as judicial and political reforms, "His Majesty understood that for reform to work it had to be comprehensive," said Fakhoury."All of these building blocks together will create the critical mass to unlock the potential of the economy and raise the standards of living for the people and enabling the economic growth to move forward.Aqaba is but one brick in that total puzzle."Aquaba encompasses the entire coastline of Jordan, all 20 miles of it.In order to assess its potential as an engine of growth a Royal Commission was set up, of which Fakhoury was a member.Included in the analysis were the insights of entities such as the World Bank, and USAID."We looked at the advantages of turning Aqaba into a free port or special economic zone," said Fakhoury."The results were—we have a lot to gain, very little to lose."What materialized was a decentralized district both financial and fiscal.Even the tax collection was decentralized from the federal government.An area of about 200 square miles was demarcated, and an institution was created called the Aqaba Special Economic Zone Authority (ASEZA), to manage and regulate the zone.Fakhoury likens it to the New York/New Jersey Port Authority in terms of management, or Puerto Rico in regards to economic regime."We wanted to turn Aqaba from this sleepy port town into a leading business and leisure destination," said Fakhoury.Instead of serving merely Jordan, the Aqaba port is being set up to service the entire Middle East, and handle trade incoming from Asia."It would make a lot of sense for that cargo to come into Aqaba rather than go all the way around through the Suez Canal," Fakhoury claims. With an incredibly ambitious tourism, commercial/industrial, and residential revitalization agenda, including plans for a desalinization plant, natural gas pipelines, and downstream exploitation of Jordan's phosphate and potash reserves in collaboration with American chemical companies, an obvious question emerges—is Aqaba physically large enough to handle such an all-inclusive design?Fakhoury believes the answer is yes."We believe the current location can absorb six to eight billion dollars of investment.I think we are nearing about three billion dollars of commitments right now."The borders of the zone can be expanded in the future. Best-practices are an important part of the development plans.Fakhoury claims the environmental protection regulations are probably the best in the Middle East.Several projects have been rejected as not being environmentally sound.A long- term master plan for growth was adopted, ensuring investors that the conditions under which they come in today remain the same on down the road."Aqaba is small enough to be a model," said Fakhoury."We had a lot of ministries and municipalities immediately imitate or adopt what we are doing in Aqaba after we proved that it could be successful." Such success takes more than foresight and planning, however.It also takes, for a small country like Jordan, a lot of support, much of which has come in the form of the US taxpayer by way of USAID.It's a commitment for which Fakhoury says is owed a lot of gratitude.


frrme.org [cached]

Last week, Jordan's Minister of Planning and International Cooperation, Imad Fakhoury, told representatives of donor countries and NGOs that the Hashemite Kingdom is at breaking point.
Fakhoury said the refugee crisis has put enormous pressure on his country's resources, particularly water, finance and social infrastructure.


worldinterfaithharmonyweek.com [cached]

The ceremony was attended by HRH Prince Ghazi, King's chief adviser for religious and cultural affairs and personal envoy, Royal Court Chief Fayez Tarawneh, King's Office Director Imad Fakhoury, Kingdom's Grand Mufti Abdul Karim Khasawneh, senior officials and guests.


jordanembassyus.org [cached]

Imad Fakhoury
Tel: 464 - 4466 Fax: 464 - 9341 Website: www.mop.gov.jo Minister of Labour


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