Economy
Aqaba's economy is skyrocketing because of the economic zone. New resorts are being constructed, but most are still on its leveling stage. New projects like Tala Bay and Saraya al Aqaba are well under construction which will provide high-end vacation and residential homes to locals and foreigners alike.
Along with tourism projects, Aqaba has also attracted global logistic companies such as APM Terminals and Agility to invest in logistics, which boosted the city's status as a transport and logistics hub.
There are numerous hotels that reside in Aqaba but new hotels are also under construction.
Aqaba is the only seaport of Jordan so virtually all of Jordan's exports depart from here.
Over ten billion dollars worth of investment is pouring into Aqaba by Gulf and European investors which overshadows Eilat, the prosperous Israeli Red Sea resort only several miles away.
Is there anything in the rumour that a huge chunk of Aqaba has actually been sold to a consortium of oil rich development companies from Abu Dhabi to be handed over in stages from 2011 to 2016??
How will all this development effect the coral reefs in Aqaba?
Vinny