Auto re-exports rise in Jordan
- Jordan: Saturday, September 08 - 2012 at 01:50
Figures from the Jordan Free Zone Investors Association (JFZIA) indicate that automobile re-exports from the free zone to regional markets have seen a sharp rise so far this year, with fewer cars entering the local market, Jordan Times has reported. By the end of August, a total of 100,281 vehicles had been shipped to regional markets, nearly 42% more than the 70,790 autos re-exported in the first eight months of 2011, the data showed. Around 70% of these cars had gone to the Iraqi market, while the remaining went to Libya and Saudi Arabia in addition to some European markets, said JFZIA President Nabil Rumman. "The Libyan market has started to pick up recently," Rumman said. The auto market is set to see a 'severe' slowdown in the months to come, he noted.
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