Amman, Feb. 1 (Petra) – A total of 750 investors from Jordan, Iraq, and Syria have applied to lease spaces in the Jordanian-Syrian Free Zone, signaling growing interest in this strategic investment hub, Sharaf Al-Din Al-Rifai, Vice President of the Jordan Free Zone Investor Commission (JFZIC), said on Saturday.

In a statement, Al-Rifai noted that 70% of the free zone’s land requires redevelopment, including road paving, exhibition hall construction, and warehouse facilities, which necessitates additional investments to fully prepare the zone for commercial and industrial activities.

He emphasized that leasing prices in the zone are highly competitive, making it an attractive destination for investors looking to expand their businesses.

Currently, most investors are focusing on warehousing goods, benefiting from exemption from transit fees on the Syrian side, which reduces operational costs and enhances logistical advantages.

Al-Rifai highlighted that reactivating the free zone would boost Jordan’s economy, particularly by stimulating cargo handling in Aqaba, increasing demand for Jordanian transport fleets, and strengthening the country’s position as a regional trade and logistics hub.

He also urged authorities to facilitate entry procedures for Syrian investors through the Jaber border crossing, which would further expand investment opportunities in Jordan.

//Petra// AF
01/02/2025 20:59:50