In very recent years, growing investments have transformed Aqaba into a busy area with big, ongoing projects. Over 18 billion dollars have been pouring into the duty-free resort city by foreign and local investors, attracting tourists, and global companies alike. New, exciting projects include the Ayla Oasis, Saraya Aqaba, Tala Bay Resort, Red Sea Resort, Ayla Park Plaza, Kempinski Hotel, Marina Plaza Hotel, Mövenpick Tala Bay Resort, Marsa Zayed Project, Marriott Hotel, Doubletree by Hilton Hotel, Hilton Tala Bay Hotel, Aqaba's New Port Project, Islamic Hospital, Jordan University's Aqaba branch, Red Sea Institute of Cinematic Arts, Aqaba University of Technology, and many more.