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Special Economic Zones in the OIC Region:

Learning from Experience

135

Figure 32 - Aqaba SEZ Land Use Mix (Actual – Left vs Planned – Right)

Source: Jordan Investment Board – ASEZA Presentation

Real Estate

In terms of costs to be borne by businesses choosing to locate in the industrial estate in the

northern part of ASEZA, the following rates are applicable:

Rental rate for developed land (USD per sqm per annum): 5.50-7.00;

Rental rate for standard factory building (USD per sqm per annum): 32-37;

Selling price of developed land (USD per sqm):

o

Lots up to 5,000-9,000 sqm: 60-85;

o

Lots up to 10,000-19,000 sqm: 56-70;

o

Lots up to 20,000-39,000 sqm: 50-63; and

o

Lots up to 40,000 sqm above: 45-55.

Selling price for standard factory building (USD per sqm): Starting at 320.

Economic Performance

The economic performance of the Aqaba SEZ is summarised below i

n Table 5-19.