Jordan-Syrian Free Zone Reports 40% Increase in Trade Activity in 2024

In 2024, the Jordanian-Syrian Free Zone facilitated the movement of 214,000 tonnes of goods to Syria and Lebanon, up from 150,000 tonnes in 2023. This growth represents a 40% increase in trade activity, with a significant number of investment contracts exceeding 150, particularly in the automobile sector. The smooth processing of transactions has enabled numerous shipments, primarily consisting of essential goods, to meet the needs of the Syrian populace.

In 2024, trade through the Jordanian-Syrian Free Zone saw a substantial increase, with 214,000 tonnes of goods crossing into Syria and Lebanon, a notable rise from 150,000 tonnes in 2023. According to Irfan Khasawneh, Director of the Free Zone, this growth in commercial activity is reflected in a 40% increase in trade volume. The goods primarily entered through the Jaber border crossing and were then exported to Syria and Lebanon via the Nasib crossing.

Khasawneh emphasized the zone’s burgeoning commercial landscape and its capacity to accommodate rising trade demands, highlighting that more than 150 investment contracts are currently active. Interest in the automobile sector has surged, with 90 car showrooms now operational. Since December 8, 600 Jordanian trucks have delivered a variety of essential goods, including food supplies and energy devices, to Syria, reinforcing the zone’s role as a critical trade hub.

The Jordanian-Syrian Free Zone is a vital economic area facilitating trade between Jordan and its neighbors, Syria and Lebanon. Established to boost commercial exchanges, the zone has become a focal point for activities involving various sectors, including imports and exports. Recent reports indicate a rise in trade activities, underpinned by increasing investment interest, particularly in the automotive industry, signaling a robust recovery and growth potential within the region after years of turbulence in Syrian territories.

The significant increase in trade activity through the Jordanian-Syrian Free Zone highlights the resilience and growing economic cooperation between Jordan, Syria, and Lebanon. With 214,000 tonnes of goods crossing borders, the zone has proven to be a crucial facilitator of essential supplies, showcasing both its logistical capabilities and the renewed business confidence in this region. These developments not only reflect improved trade dynamics but also indicate an optimistic trajectory for future investments, particularly in sectors like automobiles.

Original Source: www.jordantimes.com