QAIA free zone revenues hit JOD16mln in 9 months

The free zone at the Queen Alia International Airport (QAIA) posted a total revenue of JOD16 million in the first nine months of the year and is projected to lure in investments of about JOD380 million, according to Chairman of the Jordan Free and Development Zones Group (JFDZG) Khalaf Humiesat.

In a press conference on Tuesday, Humiesat said the occupancy rate at QAIA's free zone is currently at 25 percent, expected to jump to 50 percent next year, noting that the number of registered companies at the zone stood at 59.

He pointed out that the total number of investment opportunities provided by the zone amounted to 522, expected to create about 3500 direct jobs and 4000 indirect jobs.

Speaking on other projects of the JFDZG, Humiesat revealed that the group is about to open the Dead Sea Corniche project, which will be serve as a major outlet for domestic and foreign tourism. He expected the total value of investments at the Dead Sea area to hit JOD1 billion in the next five years providing 6,000 hotel rooms and 8,000 jobs by 2025.

Over the past 40 years, the Group has been working to establish a competitive investment environment and attract domestic and foreign capital in the industrial, trade, service and tourism sectors.