Amman, September 23 (Petra) -Jordan Industrial Estates Company (JIEC) attracted 66 new investments during the first half of this year worth approximately JD57 million.
These investments are expected to provide about 2,000 job opportunities across various operational phases.
Under these investments, 9 contracts were signed in the chemicals sector, 6 in the plastics sector, 2 in the pharmaceutical sector, 20 in the food sector, 14 in the textile sector, 10 in the engineering industries sector, and 5 in the paper and cardboard sector.
The list of investments was also distributed across industrial estates countrywide: 23 investments in Abdullah II Ibn Al-Hussein Industrial Estate (AIE) in Sahab district, followed by Al-Hassan Industrial Estate (HIE) in Irbid with 22 investments, Muwaqqar Industrial Estate with 16 investments, Al-Hussein Bin Abdullah II Industrial Estate (HUIE) with 4 investments, and Tafilah Industrial Estate with 1 investment.
In remarks to "Petra" Tuesday, JIEC Director General, Omar Juwaid, "success" of the industrial estates in attracting investments during the first half of this year was due to their "attractive" investment environment, as well as their "strategic" locations and encouraging incentives for investors.
Juwaid added that the current year was marked by a "significant" growth in the volume of industrial investments, coinciding with implementation of new expansion phases and issuance of tenders for the construction of additional buildings in a number of industrial estates.
This effort, he noted, comes as part of an ongoing implementation plan to enhance "competitiveness" of industrial estates across the Kingdom.
Juwaid noted construction of the first phase of the Zarqa Industrial Estate (ZIE), spanning an area of 1,116 dunums, is nearly complete, as one of the key strategic projects the company is working to implement, given its "significant" impact in supporting the national economy and promoting sustainable industrial development.
ZIE, he stated, will be the "first green industrial city, not only in Jordan but also in the entire region, reflecting Jordan's commitment to global environmental standards and implementing best practices in environmental sustainability." Juwaid indicated that ZIE will provide an "advanced and balanced" industrial environment that combines innovation and modern technologies, while preserving natural resources and improving quality. Life in the surrounding areas.
Juwaid pointed out that the JIEC Board of Directors has granted "distinguished" investment incentives to attract early stage investments to the Zarqa Industrial Estate.
Juwaid noted incentives include discounts ranging from 20 to 40% on the price of developed industrial land for investors, who apply to purchase the first 100 dunums.
Praising the government's ongoing efforts to support progress in the industrial estates, he noted the Cabinet approved a package of investment incentives in the Tafilah and Karak industrial estates, including a 50% reduction in land prices in Tafilah, bringing the price per square meter to JD5.
Theses incentives also provide full exemption from electricity tariffs for three years for new projects established within 1 year of the decision, and an additional discount on electricity bills ranging from 25-75% over 10 years, he pointed out.
Juwaid said the Cabinet also approved similar incentives for Al Hussein Industrial Estate in Karak, including a reduction in the selling price of industrial land to investors from JD25 to JD10 per square meter, financing facilities, discounted electricity prices at varying rates, and customs and tax exemptions on production inputs.
Additionally, he noted the Cabinet granted support for handling and transportation costs to and from the port of Aqaba by up to 50%.
Juwaid renewed his call to investors and businesspeople to take advantage of the investment opportunities available in the industrial estates and benefit from the incentives under the Investment Environment Regulation Law, as well as the exceptional incentives approved by the Council of Ministers for the Karak and Tafilah industrial estates.
//Petra//AG
