Feb 10 2010

ATO: Jordan turned Aqaba into a distinguished city

Kuwait - President of Arab Tourism Organization (ATO) Bandar Al- Fehaid affirmed that Jordan succeeded in turning Aqaba into a distinguished economic and tourist city capable of attracting world investors and tourists.

Al Fehaid said in an interview with (Petra) reporter on the sidelines of the Arab Social and Economic Council meetings in Kuwait that Aqaba was chosen a capital for Arab tourism in 2011.

He stressed that Jordan has reached an advanced level in the tourism industry pointing that Jordan enjoys various natural, archeological and medical attractions.

ATO President said that the organization is working on establishing an Arab Tourism Bank with a capital of $2 Billion by private investors from Jordan, Kuwait, Saudi Arabia and Egypt.

He added that the bank aims at creating an entity that finances and takes part in establishing tourism projects in the Arab region.

He pointed that pan Arab tourism forms 45% from total tourism in the region adding that it is considered a safe heaven for investors because it was least affected by the world financial crisis.

© Jordan News Agency - Petra 2010

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