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FinancialNews
13-03-19
Studies underway for Jordan-Iraq industrial zone
(MENAFN) Jordan began working alongside Iraq on researches as they aim to establish a joint industrial zone within a border area.
Speaking to Xinhua an official of the Jordanian government confirmed Jordan and Iraq to be carrying out the studies for the joint industrial zone, which is expected to boost investments.
According to the government official, both Jordan and Iraq are committed to needed steps for the formation of the industrial zone.
Through the industrial zone, the two countries will help Iraqi sectors take advantage of waivers within free trade deals the Kingdom secured with a number of countries.
The zone is also expected to raise the volume of Jordan's exports to Iraq, which stood at USD3.9 million last year to mark a 26.7 percent surge.
MENAFN1303201900450000ID1098245646
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