Jordan Industrial Estates Corporation and a Turkish company Signed the 8th investment agreement at Al-Mowaqar Industrial Estate with a capital size reaches up to (5) million dinars, which is the first of its type and size of local and regional area, speasialized in food manufacturing especially Tea, which will create (50) jobs .
Amer Majali, director general director general of (JIEC) who signed the agreement with Mr. Fateeh Duramz General Manager of the investor company, Said that investment in the industrial Estate at Al-Mowaqar Industrial Estate performance confirms the continuation of the growing industrial sector of Jordan and ejected between sectors despite the global economic and regional conditions and the signing of the Convention the new investment clearly indicated the strength of the Jordanian economy and the effectiveness of the investment law, referring to the ongoing efforts of (JIEC) and its work within the strategy and plans for long-term results are reflected at the country level.
And Eng Majali said that JIEC is currently attracting many requests from serious value-added investments, which looks the investment as a catalyst in the industrial estates and the mainstay of its success, adding that occupancy rates in the Industrial Estate of Al-Mowaqar after the signing of this investment amounted to 24% of the area of the first phase, which up to 1178 dunums of 2500 dunums and the total capital of investments is (141) million dinars.
Form his side, General Manager of the investor company Fateeh Durmez said that JIEC made a very huge jumps great achievements regarding to its long experience along the 30 past years considering that one of the reason made them invest in Jordan and at Al-Mowaqar Industrial Estate particularly, adding that the company bought (5000)m2 to start its investment.
Mr. Durmez emphasized that the choice of investing has been taken under an accurate feasibility study based on actual trade-off among several options, noting that the location of the industrial Estate is strategic and provides all the supplies and infrastructure investments, as well as providing ancillary services such as chambers of industry and trade, banks, labor office and storage space, beside the strategic location of the industrial estate which stands on the International highway which links Jordan with KSA & Iraq, adding that Jordan has a unique standards by signing many bilateral and several trade agreements which allows its products to reach a lot of countries.
Mr. Durmez the Director General of the new company, Praised on the facilities provided by the Jordan Industrial Estates Corporation for the success of any industrial project, noting that the investment project will be implemented in four stages from the starting from date of signing.