Trade booms in the Jordanian free trade zones

Jordanian economic and trade sources said that trade movement in the free areas in Jordan have achieved in 2001 a growth rate estimated at 690 million Kuwaiti dinars against 538 million Kuwaiti dinars in the year 2000.

The sources said that the " transit trade movement" exportation process to foreign market, by its turn witnessed a notable increase reached 50.6%.

The director general of the Jordanian free trade zones said in press statements on Tuesday that 2001 witnessed a great growth in the number of investment contracts in these areas to reach 123 contracts covered various economic fields, for 39 contracts in 2000.

He added that the free trade area establishments in Jordan in 2001 found five private free trade areas in which volume of investments was estimated at USD 1.2 billion and provided 130,000 job opportunities.