Al-Rifai: 750 Investors Submit Lease Applications for Units in the Jordanian-Syrian Free Zone
The Vice Chairman of the Free Zone Investors Commission, Sharaf Al-Din Al-Rifai, announced that 750 investors from Jordan, Iraq, and Syria have submitted applications to lease units in the Jordanian-Syrian Joint Free Zone, reflecting a growing interest in investment in this vital area.
In a statement issued on Saturday, Al-Rifai noted that 70% of the free zone’s land requires redevelopment, including road paving, showroom construction, and warehouse establishment. He emphasized that additional investments are needed to ensure the zone is fully prepared to accommodate commercial and industrial activities.
He highlighted that the investment rates in the free zone are highly competitive, which enhances investment sustainability and encourages more investors to expand their operations within the area.
Al-Rifai explained that investors are currently focusing on warehousing, benefiting from the absence of transit fees on the Syrian side, which provides them with a key logistical advantage that helps reduce operational costs.
He stressed that reviving operations in the Jordanian-Syrian Joint Free Zone would positively impact the Jordanian economy, as it would boost handling activity in Aqaba, increase demand for Jordan’s transport fleet, and strengthen the Kingdom’s role as a regional hub for trade and logistics.
Additionally, he urged authorities to facilitate the entry of Syrian investors through the Jaber Border Crossing, further enhancing investment opportunities in Jordan.
— (Petra)