Saudi investments amount to JD38 million in JFDZG: Chairman

shaheennews

e Jordan Free and Development Zones Group (JFDZG), Chairman Khalaf Hmeisat, said the Saudi investments in the JFDZG are among the most prominent investments as the volume of those investments amounted to JD38.5 million.

Hmeisat gave his remarks during the opening of a Jordanian-Saudi business forum for the Jordan Chambers of Commerce in cooperation with the Council of Saudi Chambers, on Monday.

Hmeisat said the JFDZG is ready to provide all facilities necessary for the Saudi investor to conduct his business within the free or development zones.

He pointed out that the volume of Saudi investments according to the registered capital, in public and private free zones, amounted to about JD3.5 million with a number of companies reached 27 companies.

There is great potential to increase the volume of these investments in public and private free and development zones that have a key Saudi investment in the Dead Sea Development Zone, the Fal Holding, with an investment of about JD35 million, which operates in the hotel industry and includes a hotel with approximately 260 rooms, resorts and a medical complex, JFDZG chief noted.

Hmeisat gave a briefing on development and modernization processes of plans and strategies undertaken by the JFDZG to support the national economy and the state treasury.

He added that the JFDZG initiated a set of facilities to stimulate investment and development of land located in the Dead Sea development zone in hotel and commercial sectors, including annual rent reduction by up to 50 percent this year, pointing out that the current size of employment in the region exceeded 4,000 jobs.

//Petra//