Investment Volume at Free Development Zones Reaches JD1.434 Billion

development zones

Chairman of the Jordan Free and Development Zones Group (JFDZG) Khalaf Hmeisat on Sunday said that the volume of registered investments in free and development zones across the Kingdom reached about JD1.434 billion, the Jordan News Agency, Petra, reported. 

Investments are categorised into economic, commercial, industrial, tourism and service areas, Hmeisat noted. 

He pointed out that the free zone at Queen Alia International Airport (QAIA) ranked first in terms of its growth rate in the number of registered leased companies, which amounted to about 12.7 per cent, while the number of companies operating in public and private free zones at the end of 2020 reached 1,953, with an increase of 0.2 per cent. 

He added that the total percentage of investments in the public free zones at the end of 2020 amounted to about 72 per cent and the free zone in Zarqa ranked first in terms of the percentage of investment exploitation of the total area, reaching 95 per cent, followed by the free zone in Sahab with 87 per cent, then the free zone in Muwaqar, with a rate of 85 per cent, followed by the free zone in Karak with 54 per cent. 

He pointed out that the free zones at QAIA and Al Karama recorded the lowest levels of utilisation of the available spaces, with occupancy rates reaching 12 per cent and 3 per cent, respectively. The coronavirus pandemic required precautionary measures during which the group was keen to sustain its work and provide its services to the investors. He stressed that the number of workers in various investment projects for free zones and development areas amounted to about 3,000, of which Jordanian labour constituted about 92 per cent.

During the pandemic, the group adapted to the exceptional circumstances by adopting an action plan that includes a package of administrative, organisational and technical measures aimed to preserve the health and safety of employees, investors and customers and limit the financial and material repercussions of the pandemic.

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