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FINANCIAL NEWS
Jordan’s export zone income drop by 35-40 percent
21 Feb 2016
(MENAFN) Jordan’s exports viewed a decline last year, and many factories in the free zones logged losses, which used to receive almost USD 5bn in revenue from free zone products.
However, the amount dropped by 35-40 percent in 2015, while the Iraq’s market used to contribute almost USD 2.5bn, which include oil, spare parts, garments and others.
Accordingly, the number of used and new cars re-exported from the free zone declined by 34 percent to 59,424 last year, from 90,512 in 2014.
The kingdom’s major markets for exports are Iraq, Libya, Yemen, and many Gulf Arab nations, but request for free zone products fell as the area viewed political tensions.
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