Zarqa, July 6 (Petra) – General Manager of Jordan Free and Development Zones Group (JFDZ) Abdul Hamid Gharaibeh said Zarqa Free Zone (ZFZ) has cleared over 3,000 vehicles so far since the government's decision to lower total vehicle taxes on June 28.

In a statement to "Petra" Sunday, he noted this "record" number reflects the "positive response" to the government move, which is part of a "comprehensive" structural reform package that "significantly" contributes to reducing costs for citizens.

Gharaibeh also stated the decision serves the citizens' "best interest" and has "tangibly" revitalized commercial activity.

Gharaibeh indicated that the ZFZ's 1,630 car showrooms are witnessing "increased" activity, driven by supply and demand policies that have changed due to the new decision.

Competition, he stated, has intensified, especially for hybrid, gasoline, and large electric vehicles, which could contribute to further price reductions for the benefit of consumers.

Jihad Abu Nasser, a representative of the vehicle sector at Jordan Free Zones Investors Authority, said the decision will "effectively" lead to a reduction in the prices of gasoline and hybrid cars, by an amount that could reach JD3,000, enhancing citizens' purchasing power and providing "broader" options for the public.

Abu Nasser added that reduction in the gasoline tax is the fourth in less than a year, reaching 51%, sending "a clear" message that the government is "seriously" seeking to stimulate demand and revive the market.

In this regard, he said the other amendments also featured a reduction in the tax on hybrid cars up to 39%.

For his part, Head of the Zarqa Chamber of Commerce (ZCC) Hussein Shreim said the direct economic impact of the decision is represented by surging demand for gasoline and hybrid cars, which stimulates the market in the short term, and "significantly" increases customs revenues.
//Petra// AG

06/07/2025 18:00:54