JFDZ embarks on 16 new investment contracts

AMMAN — The Jordan Free Development Zones Group (JFDZ), a government-owned company, has started handing over 16 investment contracts for firms in the transit and export sector, as part of a campaign to promote investment opportunities in Queen Alia International Airport's (QAIA) free zone.

According to a JFDZ statement, cited by the Jordan News Agency, Petra, on Sunday, the group referred to a promotion campaign for several investment opportunities. 

The campaign targets the transit and trade sectors and companies working in exporting food, pharmaceutical and agricultural products, which require speedy handling and shipping with infrastructure compliant with the latest global standards.

JFDZ Director General Abdulhamid Gharaibeh said that 45 per cent of the new contracts are foreign investment, while 55 per cent went to Jordanian private sector companies, indicating that these investments would contribute to job creation for Jordanian youth.

Gharaibeh noted that QAIA's free zone is at "the forefront" of Jordan's free estates, as an investor destination by various investment sectors, thanks to the new tax exemptions of the Investment Environment Law.

He also referred to Royal directives that reflected positively on enhancing smart services, infrastructure and performance of the JFDZ's unified service centre.

Due to increasing demand, he noted that the JFDZ administration is set to announce similar investment opportunities in the coming months.