Latest news with #JordanFreeandDevelopmentZonesGroup
Ammon
14-05-2025
- Business
- Ammon
11 stalled projects in Dead Sea worth JD58 million closed
Ammon News - Chairperson of the Board of Directors of the Jordan Free and Development Zones Group, Sakher Ajlouni, said that the group has completed all 11 stalled projects and investment agreements in the Dead Sea since 2011, as part of its ongoing efforts to improve the investment environment and prepare the region for new and qualitative development opportunities. Ajlouni explained that the group conducted a comprehensive review of these projects and contracts, and dealt with them within legal frameworks, by offering facilities, granting time periods to rectify the situation, or terminating contracts by mutual consent without incurring any financial losses. Director General of Development Zones, Mohammad Al-Wakid, noted that the number of projects dealt with reached 11, with an estimated value of approximately JD58 million. These projects ranged from lease-to-own contracts to sale-to-development contracts, including two projects on which work has resumed. These stalled projects were resolved through various means, including settlement, amicable termination, annulment of agreements, or contract termination, all while fully adhering to the preservation of the state's rights and in accordance with legal frameworks, which required significant efforts in monitoring and coordination, Al-Wakid explained. He also pointed out that there are five major tourism projects currently under implementation, some of which have been inaugurated, while others are nearing completion, as part of a clear implementation plan and in cooperation with relevant authorities.
Zawya
22-04-2025
- Business
- Zawya
Jordan: JFDZG highlights investment zones at Aqaba-hosted Transport Middle East Expo
AMMAN: The Jordan Free and Development Zones Group (JFDZG) on Sunday participated in the Transport Middle East 2025 Exhibition and Conference, held in Aqaba, in partnership with the Aqaba Development Corporation and with the support of the Aqaba Special Economic Zone Authority and APM Terminals. As the region's 'leading' annual forum for the ports, transport, and sustainable logistics sectors, the event attracted more than 300 industry leaders and experts from Europe, the Middle East, and Africa, the Jordan News Agency, Petra, reported. The conference served as a 'key' platform for discussing global trends in trade, connectivity and logistics innovation. JFDZG's participation focused on promoting the diverse investment opportunities available across its network of free and development zones, which include the Queen Alia Airport Free Zone, Zarqa Free Zone, Al Muwaqqar, Al Karama, Sahab, and Karak. These zones are among Jordan's "most competitive" destinations for regional and international investors. The group also highlighted Jordan's emerging role as a regional hub for transport and logistics, especially in light of Aqaba's "ongoing" transformation into a global gateway. With its strategic location on the Red Sea, Aqaba is positioned as a "vital" entry point to Jordan and the broader Levant region. Officials from the group stressed the significance of integrated logistics infrastructure and 'streamlined' investment processes in enhancing the competitiveness of Jordan's free and development zones. They also underscored the group's commitment to supporting national economic growth by attracting foreign direct investment and fostering regional trade.
Jordan Times
21-04-2025
- Business
- Jordan Times
JFDZG highlights investment zones at Aqaba-hosted Transport Middle East Expo
AMMAN — The Jordan Free and Development Zones Group (JFDZG) on Sunday participated in the Transport Middle East 2025 Exhibition and Conference, held in Aqaba, in partnership with the Aqaba Development Corporation and with the support of the Aqaba Special Economic Zone Authority and APM Terminals. As the region's 'leading' annual forum for the ports, transport, and sustainable logistics sectors, the event attracted more than 300 industry leaders and experts from Europe, the Middle East, and Africa, the Jordan News Agency, Petra, reported. The conference served as a 'key' platform for discussing global trends in trade, connectivity and logistics innovation. JFDZG's participation focused on promoting the diverse investment opportunities available across its network of free and development zones, which include the Queen Alia Airport Free Zone, Zarqa Free Zone, Al Muwaqqar, Al Karama, Sahab, and Karak. These zones are among Jordan's "most competitive" destinations for regional and international investors. The group also highlighted Jordan's emerging role as a regional hub for transport and logistics, especially in light of Aqaba's "ongoing" transformation into a global gateway. With its strategic location on the Red Sea, Aqaba is positioned as a "vital" entry point to Jordan and the broader Levant region. Officials from the group stressed the significance of integrated logistics infrastructure and 'streamlined' investment processes in enhancing the competitiveness of Jordan's free and development zones. They also underscored the group's commitment to supporting national economic growth by attracting foreign direct investment and fostering regional trade. Page 2
Ammon
17-04-2025
- Business
- Ammon
Ajloun cable car resumes operations
Ammon News - The Jordan Free and Development Zones Group announced the resumption of the Ajloun cable car's operations on Thursday morning, following the completion of the first phase of scheduled periodic maintenance was conducted under the direct supervision of Doppelmayr, a global leader in cable car manufacturing and a statement, the Group's General Manager, Mohammed Wakid, said that the maintenance is part of ongoing preventive measures aimed at ensuring the highest levels of safety for visitors. He emphasized the cable car's significance as a major tourism attraction in northern Jordan and the first of its kind in the noted that this season's maintenance's second and final phase will be carried out from April 21 to 23. The phased approach was adopted to maintain accessibility throughout the tourist cable car connects the Al-Sawwan area to scenic locations in the Ajloun Highlands, offering panoramic views of forests and meadows, particularly appealing during spring. The administration also invited the public to join celebrations for Jordanian National Flag Day, which had been postponed due to the temporary suspension of operations. Festivities will take place near the cable car site, honoring this national occasion. Petra
Jordan News
17-04-2025
- Automotive
- Jordan News
Ajloun Cable Car Resumes Operations After Maintenance - Jordan News
Ajloun Cable Car Resumes Operations After Maintenance The Jordan Free and Development Zones Group announced the resumption of operations at the Ajloun Cable Car starting this morning, following the successful completion of the first phase of scheduled periodic maintenance, which was carried out under the direct supervision of the manufacturer Doppelmayr—one of the world's leading companies in cable car system manufacturing and operations. اضافة اعلان Mohammad Al-Wakeed, Director General of the Development Zones, confirmed that the maintenance was part of the preventive measures regularly adopted by the administration to ensure the highest standards of safety and security for visitors and users of this vital tourist attraction, which is considered one of the most prominent landmarks in northern Jordan and the first of its kind in the country. Al-Wakeed added that the scheduled maintenance will continue as planned during the period April 21–23, 2025, which marks the final phase of the maintenance program for this season. He pointed out that the administration chose to implement the work in phases to ensure the site remained open to visitors throughout most of the tourism season. The Ajloun Cable Car, which connects the Sowan area with a number of stunning natural landmarks across the Ajloun highlands, is once again welcoming visitors, offering them the opportunity to enjoy unique panoramic views of the forests and meadows—especially during this perfect spring weather. The administration also invited the public to join in the celebration of Flag Day, which had been postponed due to the temporary closure. Special festive activities will now be held in the vicinity of the cable car to commemorate this national symbol that unites Jordanians.
