https://arab.news/9j2dc
- Privately-owned airline launched with a capital of $20m to operate two planes in 1st phase
RIYADH: Jordan鈥檚 Aqaba Special Economic Zone Authority signed an investment agreement to establish a privately-owned Saudi-Jordanian airline with a capital of $20 million, Jordan鈥檚 PETRA news agency reported on Sunday.
This huge investment project was the result of joint cooperation between the two countries, Jordan and 抖阴短视频.
鈥淭he new airline will operate flights to the capital, Amman, and to European, Arab and Gulf countries under the name Fly Aqaba,鈥� said Nayef Bakheet, chairman of the authority鈥檚 board of commissioners.
Fly Aqaba will operate two planes in the first phase, Bakheet added.
The airline will have its headquarters in the city of Aqaba.
鈥淭he agreement supports tourism to Aqaba by linking it with the countries of the world at competitive prices,鈥� said Fadi Abu Arish, executive general manager of the aviation company.
Sharhabeel Madi, commissioner for tourism and investments at the Aqaba authority, said this Saudi investment in Jordan is evidence of the country鈥檚 鈥渄istinguished鈥� investment environment that offers several incentives.
Nasser Aliani, general manager of Fly Aqaba, said the investment project was the result of cooperation between 抖阴短视频 and Jordan to serve the interests of both people and support the Jordanian economy.
The COVID-19 pandemic has badly dented Jordan鈥檚 tourism industry, which represented 14 percent of its gross domestic product.