Amman, January 5 (Petra) -2024 witnessed a growth in the number of investments in the Kingdom’s industrial estates, as over 152 new investor contracts were struck and existing investments expanded with a volume of JD454 million by the end of the third quarter of last year, Director General of Jordan Industrial Estates Company (JIEC), Omar Juwaid, said.

Juwaid added that growth would contribute to providing hundreds of job opportunities during their various operating stages in the near future.

To date, he announced a total of 937 companies operate in the Kingdom’s industrial estates until the third quarter of last year with an investment volume of more than JD3 billion, securing about 61,000 job opportunities.

In a statement Sunday, Juwaid said 2024 witnessed the launch of the implementation of the first phase of Zarqa Industrial Estate (ZIE), as His Majesty laid the foundation stone during his visit to Zarqa governorate, noting that the completion rate in the facility reached 60%.

Juwaid said that the JIEC’s board of directors tooka decision in 2024 to encourage investments in ZIE and form the first nucleus of its investors, which provided special discounts on land prices ranging between 20-40% for the first 100 dunums of developed industrial plots.

During 2024, he stated a new investment incentive in Al-Hussein Bin Abdullah II Industrial Estate (HUIE) in Karak was launched, which granted a 20% reduction on the basic selling price of industrial plots.

This initiative, he stated, adds to a series of investment incentives granted for areas exceeding 10,000 square meters by cashing out 20% as an immediate payment and paying the remaining amount in interest-free installments over 4 years.

Last year, he noted new venues were built in Madaba Industrial Estate on an area of ??20,000 square meters, while other structures were being established in Muwaqqar Industrial Estate on an area of ??11,000 square meters, adding that investments are expected to start in early 2025.

JIEC signed an agreement to supply Muwaqqar Industrial Estate with natural gas to encourage its use in industries, he pointed out.

Under the project, a gas infrastructure and network inside the estate will be launched, which also features a study on the grid’s establishment, ownership, financing, management and operation within the framework of a national plan to supply natural gas to industrial cities to reduce investor energy costs and increase competitiveness of the national industry.

In 2024, he indicated that the JIEC signed several agreements and memoranda of understanding with Jordan’s universities, ministries and agencies to network industrialists and various parties.

Additionally, he noted the JIEC sponsored various “purposeful” community activities and initiatives, and continued its promotional plans and participation in various economic activities domestically and globally.
//Petra// AG
05/01/2025 17:02:29