JFDZ hands over 16 investor contracts to develop QAIA's free zone

(File photo: Jordan News)
AMMANJordan Free and Development Zones Group (JFDZ), a government-owned company, began handing out 16 investment contracts to firms specialized in the transit and export trade sector, as part of a drive to promote investor opportunities in Queen Alia International Airport (QAIA)'s free zone.اضافة اعلان

According to a JFDZ statement on Sunday, the group referred to a promotion campaign for a number of investor opportunities, which targets the transit trade sectors and companies working in exporting food, pharmaceutical and agricultural products, whose activity requires speedy handling and shipping, within an infrastructure equipped according to the latest global standards.

Foreign investmentAbdul Hameed Gharaibeh, the JFDZ Director General, revealed that 45 percent of the new contracts are foreign investment, while 55 percent went to Jordanian private sector companies. He believes that these investments will provide new job opportunities for Jordanian youth.

QAIA's free zone is becoming the "forefront" of Jordan's free estates as an investor destination for various investment sectors, thanks to new tax exemptions launched in Jordan's newly-endorsed Investment Environment Law.

Gharaibeh also referred to Royal directives that positively impact the smart services, infrastructure, and performance of the JFDZ's unified service center.

Due to increasing demand, the JFDZ administration plans to announce new investment opportunities in the coming months.

Read more Business
Jordan News