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18 April 2024

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Free zones revenues up 6% in 2020

15-03-2021 02:22 PM

Jordan Free and Development Zones Group

Ammon News - Chairman of the Jordan Free and Development Zones Group (JFDZG), Khalaf Hmeisat, said the free zones brought in JD19.768 million in revenues in 2020, a 6-percent increase from 2019.

In a press release on Monday, Hmeisat stated that the number of investment contracts registered last year amounted to 2,979, an increase of 2 percent from the previous year, while the number of registered companies reached 2,806, up 7 percent from 2019.

The number of investors in the free zones grew in 2020 by 5 percent from 2019, while the value of exports reached JD2.385 billion, compared to JD2.699 billion in 2019, he pointed out.

In 2020, the JFDZG, he indicated, had adopted a new strategy aimed at complete digital transformation of all services, leading to the implementation of the concept of smart free zones that serves investors and large, medium and small registered companies, with the aim of finding various solutions for electronic payment that are easy and flexible, and keeping up with technological development.

According to the statement, the group implemented the Golden List program, which included 15 companies, to promote and reward the distinguished efforts in support of investment at the level of companies and individuals, who work in various fields of investment in the free zones. The program also sought to develop and support the role of investors in creating a "national development and renaissance," and embodying a culture of quality at work and excellence in performance.

In 2019, the group adopted a strategy based on realizing a royal vision, and providing an appropriate investment environment to increase the added value of free and development zones on the national economy by creating more job and investment opportunities. During the same year, a completely new free zone was inaugurated at Queen Alia International Airport to be a center for trade and investment.




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