Gov’t incentives to bring more investments to Tafileh Industrial Estate — JIEC
The investment package the government has recently endorsed is aimed to enhance the production competitiveness in the Tafileh Industrial Estate, attracting more investments to the estate and creating more jobs in the governorate to address unemployment, Chairman of the Jordan Industrial Estates Corporation (JIEC) Luai Sihweil said on Monday.
Sihwil, in a JIEC statement cited by the Jordan News Agency, Petra, said that the difference of electric power tariffs will be covered through the industry support and development fund or through Jordan Enterprise Development Corporation (JEDCO) programmes.
The Council of Ministers, upon a recommendation by its development and economy committee, decided to grant investment incentives for the Tafileh Industrial Estate, including reducing power prices for industrial investments in the estate by 75 per cent for the first five years of starting the project.
The Cabinet also decided to include the estate in the satellite factory programme and grant its investments a 50 per cent discount on handling processes at the Arab Container Terminal for goods manufactured in the estate.
JIEC Director General Omar Juwaied praised the government's efforts aimed to support the industrial investment environment in Tafileh, noting that this package of incentives is a continuation of incentives the government offered some two years ago.
The first phase of the estate has completely finished and includes establishing ready-made buildings with an area of 10,000 square metres, while the entire estate is constructed on 500 dunums out of its total area of 1,000 dunums, Petra added.