JFDZ investments at JD2.2bln to end of 2022-Data

Amman, Feb.18 (Petra) – Jordan Free and Development Zones Group (JFDZ) investments are estimated at a value of JD2.280 billion by the end of 2022, while volume of its export-import trade amounted to about JD4.5 billion.

According to the group’s data obtained by “Petra,” JFDZ trade movement show that exports amounted to JD2, 230 billion, while imports amounted to JD2, 260 billion.

A total of 3, 000 people invest in JFDZ businesses working in the trade sectors, and industry and services, employing about 29,000 workers, while its total investment contracts stand at 2,830, the figures revealed.

Meanwhile, revenues generated as customs and vehicle licensing fees in 2022 were estimated at about JD400 million, data indicated.

Based on axes of the group’s strategy 2022-2024 and its action programs, a number of developments were made in various levels, in terms of improving infrastructure services and launching “vital” projects in the free estates.

In this regard, a water desalination plant was established in Zarqa Free Zone (ZFZ), as well as a rainwater drainage channel, a solar energy project for buildings, development of a safe retail system. In addition, new 16 warehouses were launched within Queen Alia International Airport (QAIA) free zone, 175 square meters each to meet the increasing investors’ demand.

In terms of information technology aspect, a number of e-services were launched to help investors process transactions remotely with “high quality and accuracy” and measures were taken to enhance security and property safety system at free zones, as work in an advanced video surveillance system was launched, at a cost of about JD850,000.

//Petra/ AG

18/02/2023 12:55:13

Provided by SyndiGate Media Inc. (Syndigate.info).