The National Real Estate Company (NREC) of Jordan proudly participated in the recent Aqaba Economic Forum, organized by the Aqaba Media Forum. This event was held in celebration of the Silver Jubilee of King Abdullah II’s reign, under the patronage of the Chairman of the Board of Commissioners of the Aqaba Special Economic Zone Authority, Nayef Al-Fayez, represented by Commissioner of Entrepreneurship and Youth, Ramzi Al-Kabariti, and attended by Aqaba Governor Khaled Al-Hajaj.
A Vision Aligned with National Development
NREC’s Chief Operating Officer, Mishal Al-Shaiha, highlighted the company’s establishment as part of King Abdullah II’s vision to create a modern, investor-friendly climate in the Aqaba Special Economic Zone (ASEZ). This vision led to the founding of the Jordanian National Real Estate Company, a collaboration between Kuwait’s National Real Estate Company and the Aqaba Development Corporation (Jordan), aimed at creating promising investment projects that contribute to economic and social prosperity in Jordan, especially in Aqaba.
“The creation of NREC was a strategic step to fulfill His Majesty’s vision of a thriving investment environment in Aqaba,” Al-Shaiha stated. He also emphasized that NREC is positioned to meet current and future investment needs, focusing on storage spaces, developed land, commercial facilities, and multi-purpose real estate projects.
Strategic Projects in Aqaba
Operating since July 2006, with a capital of $37 million, NREC has launched two significant real estate projects in the ASEZ, covering a total area of 2 million square meters.
- Project One: Located 12 km southeast of Aqaba city center and just 6 km from Aqaba’s container port, near the strategic back road connecting Jordan with Saudi Arabia and Amman. The 1.5 million square meter project is being developed as a Gated Business Park with essential infrastructure and support services for a wide range of investment activities. Key facilities include:
- High-quality storage warehouses with various sizes to meet diverse storage needs.
- Serviced land plots with infrastructure for industrial and storage projects.
- Pre-built industrial facilities designed to support light and medium industries.
- Designated open storage areas for vehicles, machinery, and temperature-controlled storage facilities.
- Commercial spaces for offices and retail outlets.
- Investment Opportunities in Storage and Industrial Facilities:
- Storage Units: NREC offers 11 modern, varied storage units within the South Aqaba Investment Complex. These units are ideal for companies seeking a regional storage center for import-export activities, supported by ASEZ’s customs regulations. The total area for this storage activity spans 60,000 square meters.
- Ready Industrial Buildings: To support light and medium industries, NREC has developed three ready-to-use industrial units with insulated structures and suitable for various industrial applications.
Competitive Advantages of NREC
NREC’s strategic location in the Aqaba Special Economic Zone provides a unique investment climate near Jordan’s neighboring borders, including Iraq, Saudi Arabia, and Egypt. Key benefits of NREC properties include:
- High-quality land, storage, and industrial facilities.
- Ease of goods transportation and streamlined logistics, supported by Aqaba’s free trade benefits.
- Secure environment with exceptional after-sales and leasing services.
Looking Ahead
In conclusion, Al-Shaiha presented a short film showcasing the company’s journey, achievements, and future vision. NREC remains committed to developing projects that meet the evolving needs of investors, contributing to Aqaba’s growth as a regional investment hub aligned with Jordan’s vision for economic advancement.
Leave a Reply