Purposes




Purposes

 

Accordingly, The Jordanian Experiment in The Free Zones Began in 1973, When a Small Free Zone Was Established on 19 Thousand Square Meters in The Port of Aqaba for The Development of International Trade & Serving Transit Trade. Due to the Increase of Demand for Its Services at That Time, The Government Then Increased the Area Allocated to The Free Zone to 2 Million Square Meters. 

 

In light of the success of the experience in the Aqaba free zone, the Jordan free zones Corporation was established as an Administrative & Financial Dependent Body in 1976 According to Provisional Law No. 39, 1976. One of Its Tasks Was to Establish Free Zones and Manage Investment in Them.

 

 
 

A Mean of Increasing Economic Openness, Stimulating Trade and Capital Movements Between Countries and Reducing Barriers to Capital Movement.

An Opportunity for Investors to Overcome Quantitative Restrictions and Administrative, Customs and Commercial Barriers.

A Conducive Investment Climate to Attracting Foreign and Domestic Investment as Well as Attracting National Immigrant Capital.

 

Development of International Trade and Transit Trade.

Transfer Knowledge and Localize Advanced Foreign Technology from Developed Countries, And Transfer Practical Expertise of the Latest Practical Methods in The Fields of Management and Production.

Creating New Jobs and Contributing to Reducing Unemployment Rates in The Host Country of the Free Zone by Diversifying Investment Activities in The Industrial, Commercial, Service, Agricultural and Tourism Sectors.

 

Establishing Industrial Production Projects with The Main Objective of Exporting.

Establish Productive Projects That Meet the Needs of Domestic Consumption in Proportions That Comply with World Trade Organization Agreements (WTO) Rather Than Relying On Imports for Both Consumer and Productive Goods.

Increase The State's Foreign Exchange Revenues by Exporting Goods Produced by Industrial Projects or Through Some Services That Lead to Others Such as Labor Services, Land Rental, Buildings, Installations, Unloading and Shipping Operations.