Jordan Industrial Estates Company Welcomes the Investment Incentive Package for Al-Hussein Bin Abdullah II Industrial Estate

Amman - 6 November, Petra News Agency.

Jordan Industrial Estates Company welcomed the decisions of the Council of Ministers in support of the Jordanian Industrial Estates Investment Movement, which supporting the investment movement in Jordan and attracting more industrial investment in various fields, thereby contributing to job opportunities for the Jordanian city's citizen.

The company said in a statement on Sunday, the decision of the Council of Ministers to grant investment incentives in Al-Hussein bin Abdullah II Industrial Estate in Al- Karak Governorate in succession to the incentive package granted in Al-Tafila Industrial Estate is a realistic touch on the demands and needs of the industrial sector particularly on the issues of energy and employment.

The Director General of the Company, Omar Jwaid, stressed that the granting of additional investment incentives in Al Hussein bin Abdullah II Industrial Estate in Al - Karak Governorate is the result of partnership between the government and various regulators of the investment environment.

The Director General of the Company, Omar Jwaid, stressed that the granting of additional investment incentives in Al Hussein bin Abdullah II Industrial City in Karak governorate is the result of partnership between the government and various regulators for the work of the investment environment. It also affirms the Government's continued concern and support for the investment environment in the Kingdom in general and in industrial cities in particular to be able to attract more industrial investments that provide employment opportunities and achieve development in all its aspects.

In addition to its direct contributions to GDP and the movement of the Kingdom's total exports in line with the Government's priorities for the years 2021-2023.

In accordance with the Government's decision and its facilities and incentives to invest in Al- Karak Industrial Estate, the Company would do its utmost to promote the investment opportunities included in the estate, which is now the largest incubator of industrial investment in Al- Karak Governorate and the largest operator of the citizens of this governorate.

The decision to reduce the price of electricity and to include it in the production branch programme, as well as to support the cost of the container port, will serve as a magnet for industrial investments willing to invest in the estate.

In addition to the other investment incentives offered by the estate, such as the special prices for the sale of land and the rental allowances for industrial buildings, as well as the estates distinctive geographical location, it will be reflected in the figures of the industrial investments polarized, the jobs created and the economic and development movement in the governorate as a whole, especially since the company has many requests for interest in the investment in the estate.

He noted that months ago the government also approved an investment incentive package for the industrial Al- Tafila Industrial Estate, which included subsidizing electric power prices for small and medium investments and covering them with production branch programmes, also supporting the cost of container handling at the container port for goods exported through the port of Aqaba by 50% for a period of three years.

Mr. Jwaid invited all investors and entrepreneurs to take advantage of these incentives, especially industrial investments whose work requires high electrical loads and additional labour hands.

Al-Karak city enjoys an abundance of trained and qualified manpower and includes thousands of first graduates in various university disciplines required by various types of industries.

Al Hussein bin Abdullah II Industrial Estate provides investors with all investment options from developed plots and industrial buildings ready according to the highest standards and infrastructure equipped with all the services required by industrial projects.

Al Hussein bin Abdullah II Industrial Estate, includes 36 industrial company with an investment volume of approximately 56 million JOD and has provided nearly 1100 jobs opportunity to the citizens of Al-Karak city . It includes success stories of industrial investments that started their business in the city and contributed to the economic and development movement.

The government's decision included subsidizing electric power prices for small and medium investments in Al-Karak industrial estate , by granting investors a reduced tariff of 25 to 75%. It also included the city's coverage of production branch programs and support for local employment, as well as the cost of container handling at the container port for goods exported through the port of Aqaba by 50% for three years.

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