Investment at Free and Development Zones Increases by 0.4 Percent

Jordan Real Reel

The volume of registered investment in free and development zones in Jordan last year reached approximately JD2.485 billion, which is a 0.4 percent increase, as reported by the Chairman of the Jordan Free and Development Zones Group (JFDZG), Khalaf Hmeisat, on Sunday.

Hmeisat told Petra News the growth of investment volume is not financially represented but rather through its economic importance, as free and development zones attract investments categorized into economic, commercial, industrial, tourism and service fields.

“This has contributed to providing about 27 thousand direct and indirect job opportunities for local communities hosting the Kingdom’s free and development zones.”

– Chairman of JFDZG, Khalaf Hmeisat

Source: Petra News

Arab Investment and Export Credit Guarantee Corporation’s Report

Notably, the Arab Investment and Export Credit Guarantee Corporation (Dhaman) recently published a report that forecasts an increase in the total volume of investment in the Kingdom in 2022, in comparison with 2021.

Total investment are expected to reach USD8.9 billion in Jordan this year, which would be a 17.8 percent increase in the total Gross Domestic Product (GDP), the report said.

According to Dhaman, the value of investment in Jordan last year would be USD8.4 billion making up 18.5 percent of the GDP for 2021.

As for investment in 2019 and 2018, it constituted 16.7 percent and 17.6 percent of the GDP, respectively, with a total value of USD7.5 billion and USD7.6 billion, also respectively.

According to Dhaman’s estimates, the Kingdom’s GDP will “continue to grow,” reaching USD47.5 billion in 2022 at a rate of 2.7 percent. Notably, the growth rate in 2018 and 2020 was 1.9 percent and 1.6 percent, respectively.

Source: Petra News

More Reads:

Investment Volume in Jordan Expected to Increase in 2022

Real Estate Trading Volume Rises to JOD4.45 billion since beginning 2021


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