Ma’an, May 31 (Petra) — The Ma’an Development Company (MDC), the
master developer of the Ma’an Development Area, has implemented a
series of strategic projects aimed at driving sustainable economic
growth and generating jobs in southern Jordan, the company’s chief
executive said on Sunday.

Mohammad Abu Tayeh told the Jordan News Agency, Petra, that Ma’an’s
strategic location and diverse natural resources have transformed it
into a promising economic hub, particularly in solar energy, mineral
wealth, and logistics.

The first solar park initiative has attracted JD350 million ($493
million) in investment, Abu Tayeh said. The project generated 1,500
temporary jobs during its construction phase and currently provides
148 permanent positions for Jordanians.

Infrastructure for a second solar park has been completed to
accommodate future renewable energy projects, Abu Tayeh added, while
investments in the industrial park hub have reached approximately
JD80 million ($113 million).

The Ma’an Development Area was launched following a royal decree in
2007 and formalized under the Development Zones Law in 2008, aligning
with His Majesty King Abdullah II’s vision to leverage regional
competitive advantages into development projects that stimulate
investment and create employment.

MDC has generated 622 jobs across its various development hubs, which
include the residential community, the industrial park, the solar
hubs, and the oasis sector.

Abu Tayeh said these projects embody the concept of economic
self-reliance through sustainable production. MDC continues to offer
a competitive investment climate through incentives that include
allowing 100% foreign ownership, income tax exemptions on
investments, and streamlined single-window administrative services
for investors.

//Petra// AF