Economic team meets with Razzaz, announces new Dead Sea development zone policy

AMMAN — The government’s economic team on Saturday discussed several policies and procedures aimed at stimulating the economy, enhancing economic growth and increasing the competitiveness of some sectors.

During the meeting, which was chaired by Prime Minister Omar Razzaz, CEO of the Jordan Free and Development Zones Group (JFDZ) Hamzeh Haj Hassan announced a decision to reduce investment land rental rates in the Dead Sea Development Zone by 50 per cent for one year.

The decision, which covers plots of land in the Cornish area and on the eastern and western sides of the main street near the Dead Sea, is meant to attract more investment to the zone and create more jobs, the Jordan News Agency, Petra. 

He also briefed the team on a cable car project at the Suwwan Development Zone in Ajloun, some 70km northwest of Amman, which is the first of its kind in the Kingdom.

The CEO said that the plan includes 40 eight-passenger vehicles which can be increased to 60, adding that the transport system extends over 3 kilometres, with a trip duration of 20 minutes.

Haj Hassan noted that tenders had been floated for international companies to start the venture. The project’s implementation is scheduled to take 18 months.

The JFDZ will also start another investment project in the Suwwan Development Zone by providing a 142-dunum area of land for cooperational investment with the private sector to establish hotels, a convention centre, shops, restaurants and environmental-friendly chalets.

Razzaz stressed the importance of completing the cable car project within the scheduled timeframe, highlighting its significance and benefits for Ajloun Governorate and its residents.