Amman - The Jordan Industrial Estates Company (JIEC) announced the attraction of 16 new industrial investments worth JOD 11 million to the Al-Hussein Bin Abdullah II Industrial City in Karak during the third quarter of this year.
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These new investments are expected to create 300 job opportunities once fully operational.
With the latest additions, the total number of investments in the industrial city has risen to 56, bringing the total investment value to over JOD 47 million and generating approximately 500 jobs to date.
The JIEC praised Prime Minister Jafar Hassan’s visit to the industrial city and his meeting with investors, emphasizing the government's ongoing support for the industrial sector.
The JIEC Director General Omar Juwaied highlighted that the Prime Minister’s visit reflects the government's commitment to engaging with various sectors, particularly the industrial sector, as part of its economic modernization vision aimed at revitalizing the national economy.
He added that the government’s continuous efforts to support the industrial investment environment across Jordan’s industrial cities have led to economic growth, attracting new industrial investments and generating job opportunities.
Juwaied explained that the new investments span various sectors, including food, engineering, textiles, paper, cardboard, and construction materials.
He expressed optimism that more job opportunities will be created for the residents of Karak as the investments become fully operational over the next two years.
He noted that the government’s incentive packages for industrial investments in the city have been a major factor in attracting businesses, making it a top choice for investors.
He encouraged potential investors to take advantage of these incentives, particularly those requiring high electricity loads and large workforces.
The government’s incentives for industrial investments in Al-Hussein Bin Abdullah II Industrial City include reduced electricity rates for small and medium-sized enterprises, with discounts ranging from 25% to 75% for five years.
Additionally, the city is included in the Ministry of Labor's productive branches program, which covers 50% of the minimum wage plus JOD 25 for social security and JOD 25 for transportation for three years.
The government also provides a 50% discount on container handling costs at Aqaba Port for goods exported from the city for three years.
Furthermore, the Ministry of Agriculture supports investors in the agricultural industries through its project to stimulate agricultural industries within industrial cities, covering rental costs for five years from the date of lease signing.
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