Madaba, Aug. 11 (Petra) – Madaba Industrial City is finalizing the third phase of its development plan, encompassing approximately 11,000 square meters, paving the way for expanded industrial investment in the city, which was established by royal decree to create employment opportunities for residents of Madaba Governorate and advance local development.
Omar Juwaid, Director General of the Industrial Estates Company, told the Jordan News Agency (Petra) that the city has attracted 40 industrial companies with a total investment of JD50 million, generating about 1,350 jobs across its three operational phases. He stressed that the company is implementing targeted promotional strategies to draw further investments.
The city’s first phase covers 310 dunams out of a total area of 500 dunams, featuring fully serviced industrial plots and ready-built facilities. Two completed building phases, covering 17,000 square meters and 10,000 square meters, respectively, are fully occupied, reflecting strong investor demand.
Since its 2019 launch, the company has incentivized investment by reducing land and building prices for the first 15 companies purchasing property and the first 5 dunams acquired, in addition to lowering rental rates for ready-built facilities. These measures formed the initial industrial base, with 15 companies benefiting from the incentives.
Juwaid said current promotional efforts focus on attracting high-value industrial projects that will boost economic growth and create more jobs for local residents. Preparations are underway to secure investors for the city’s third expansion phase following the completion of the first two phases.
He highlighted the city’s integrated investment environment, offering developed plots, standard buildings for sale or lease, competitive pricing with payment facilities, and a comprehensive infrastructure network. The single investment window streamlines procedures, while multiple trade agreements grant investors access to global markets.
The city also offers full exemptions from building and land taxes, fee reductions for municipal services, full foreign ownership rights, freedom to repatriate profits, and eligibility for Jordanian citizenship. Additional incentives under the Investment Law include a 5 percent income tax, and exemptions from sales tax, customs duties, and taxes on dividends and shares.
Juwaid acknowledged challenges such as rising energy costs and noted that the company encourages the adoption of alternative energy solutions, including solar power, to reduce production expenses.
He added that Madaba Industrial City’s development aligns with the Economic Modernization Vision, which aims to modernize the industrial sector, increase national exports, boost GDP, and generate new employment opportunities.
//Petra// AJ
11/08/2025 14:35:32
