Jordan presents 2 projects worth $780 mln to investors

Jordan is offering two projects for investors with a value of around $780 million, an official report said on Tuesday.

The country’s Investment Ministry announced the projects on its “Invest in Jordan” platform, which was launched last week in a bid to attract capital as part of an economic stimulation plan.

The first of the two projects is a tourist village in the Southern Red Sea port of Aqaba, Jordan’s only coastal city.

This project costs around 401 million Jordanian dinars ($565 million) and will include all associated tourist and amusement facilities to attract tourists.

The second is a sport city in Aqaba worth around 153 million dinars ($215 million), which will be built on an area of 400,000 square metres with 3 hotels, restaurants, and other facilities.