The Jordan Industrial Estates Company signed a new investment agreement today, which will specialize in the production of food industries on an area of 33 dunums, with an investment size of approximately 10 million dinars. It is expected that the project will provide about 150 job opportunities in its early operational stages. The investment will take place in Al-Muwaqar Industrial City, one of the largest industrial cities in the Kingdom, which houses several local, Arab, and international investments across various fields.
اضافة اعلان
The investment agreement was signed by Mr. Omar Jwaid, the CEO of the Jordan Industrial Estates Company, and Mr. Zaid Al-Bazzaz, the CEO of the Ideal Arab Company for Juice and Beverage Manufacturing, in the presence of representatives from both sides at the headquarters of the Jordan Industrial Estates Company.
Mr. Omar Jwaid, CEO of the Jordan Industrial Estates Company, stated that Jordanian industrial cities, especially Al-Muwaqar Industrial City, have become the leading destination for industrial investment in the Kingdom due to the advantages and investment incentives they offer. These incentives include tax and customs exemptions and payment facilities in accordance with the Investment Law, which have contributed to making Jordan a competitive investment environment in the region.
Mr. Jwaid explained that this investment is one of the largest industrial investments in the food industry sector that has been attracted to Al-Muwaqar Industrial City, and it will play a significant role in enhancing the national industry and the quality of Jordanian products. The company’s exports will reach various countries in the region and globally. He also pointed out that in 2024 alone, Al-Muwaqar Industrial City attracted more than 26 industrial companies with an investment size of approximately 95 million dinars.
He revealed that by the end of 2024, the total number of industrial investments in Al-Muwaqar Industrial City had reached 103 companies, with an investment size of 641 million dinars, providing over 4,700 job opportunities. These investments span various sectors, including food industries, engineering, packaging, textiles, and others.
On his part, Mr. Zaid Al-Bazzaz, CEO of the Ideal Arab Company for Juice and Beverage Manufacturing, stated that the company is a leading player in the juice and beverage manufacturing industry. It continues its journey in developing the industrial sector and enhancing local production to meet the needs of both the local and regional markets.
Mr. Al-Bazzaz added that the establishment of the company’s project in Al-Muwaqar Industrial City came after reviewing the incentives offered by the city and the facilities that will allow the company to globalize its products. He emphasized that this agreement reflects both parties' commitment to supporting industrial investment and enhancing the business environment in the Kingdom by providing modern and advanced infrastructure that meets the requirements of industrial growth.
It is worth noting that Al-Muwaqar Industrial City, which was inaugurated in 2011 on an area of 2,500 dunums, was developed by the Jordan Industrial Estates Company in three phases. The latest phase involved the development of 305 dunums due to high demand for investment in the city. Located east of Amman, Al-Muwaqar Industrial City is near the international road that connects Jordan with Saudi Arabia and Iraq.
