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Economy of Aqaba


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project will be completed by 2017.

Tala Bay, a $500 million resort with a manmade lagoon, luxury hotels such as the Hilton and villas. It is already completed. It also has a beach club that hosts the annual Distant Heat Festival, a rave held 1 August.

Marsa Zayed, a $10 billion marina community that is the largest real estate project in Jordan's history, which maximizes frontage on the Gulf of Aqaba to create a vibrant mixed-use community. Part of the Jordanian government's initiative to double its tourism economy by 2010, Marsa Zayed is designed to help fuel the country's growth by providing more than 300 yacht berths in a luxury marina, a cruise ship terminal and a mix of hotels, apartments, villas and townhouses for more than 50,000 people. This project will be completed by 2017.

The Red Sea Astratium, the world's only Star Trek themed park, worth $1.5 billion will be completed by 2014. The park will span 184 acres (74 ha) will include "technologically advanced attractions, five-star accommodation, captivating theatrical productions," and night-time spectacles. The project will include four hotels and provide 500 job opportunities in the coastal city.

Port relocation. Aqaba's current port will be relocated to the southernmost part of the province near the Saudi border. Its capacity will surpass that of the current port. The project costs $5 billion, and it will be completed by 2013.

Aqaba will be connected by the national rail system which will be completed by 2013. The rail project will connect Aqaba with all Jordan's main cities and economic centers and several countries like Saudi Arabia, Iraq, and Syria.

The Aqaba Container Terminal (ACT) handled a record 587,530 twenty-foot equivalent units (TEUs) in 2008, an increase of 41.6% on the previous year. To accommodate the rise in trade on the back of the increasing popularity of container shipping and the stabilising political situation in Iraq, the Aqaba Development
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