Jordan: Al Muwaqqar Industrial Estate attracts $14mln food manufacturing investment
AMMAN: The Jordan Industrial Estates Company (JIEC) and Al Mithaliah Arab Company for Juice and Beverage Manufacturing on Saturday signed a JD-10 million investment deal for a new food production facility.
The agreement, which will establish a 33-dunum facility in Al Muwaqqar Industrial Estate, is expected to create some 150 jobs during its initial operational phase, the Jordan News Agency, Petra, reported.
"Jordan's industrial cities, particularly Al Muwaqqar, have become the premier destination for manufacturers looking to establish operations in the Kingdom," said JIEC Director General Omar Juwaid, who signed the agreement with Zaid Bazzaz, General Manager of the Al Mithaliah Arab Company.
Juwaid attributed this growing interest to the competitive investment environment created through tax and customs exemptions, payment facilities, and other incentives provided under Jordan's Investment Law.
"This partnership with Al Mithaliah Arab Company represents one of our most significant investments in the food sector and will showcase Jordanian product quality in markets throughout the region and beyond," Juwaid added.
Al Muwaqqar facility continues its rapid growth trajectory, attracting 26 industrial companies with investments totalling JD95 million in 2024 alone.
The industrial estate now hosts 103 companies across food manufacturing, engineering, packaging, textiles, and other sectors, with a cumulative investment of JD641 million that has generated more than 4,700 jobs.
Bazzaz described Al Mithaliah Arab Company as "a leading regional beverage manufacturer committed to developing local production capacity to serve both domestic and export markets."
"We selected Al Muwaqqar after careful evaluation of the incentives and logistics advantages that will enable us to reach global markets efficiently," he said, noting that the agreement demonstrates a shared commitment to enhancing Jordan's industrial ecosystem through modern infrastructure development.
Established in 2011, Al Muwaqqar Industrial Estate spans 2,500 dunums developed across three phases, with its most recent expansion adding 305 dunums to accommodate growing demand, according to Petra.
The facility is strategically located east of Amman near the international highway connecting Jordan with Saudi Arabia and Iraq.
© Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
4 days ago
- Zawya
Jordan: ACI exports rise to $4bln in first five months of 2025
AMMAN — Amman exports rose to JD2.849 billion in the first five months of 2025, marking a 12.2 per cent increase compared with the same period in 2024, the Amman Chamber of Industry (ACI) said on Tuesday. The chamber's data indicated that most industrial sectors contributed to this increase, with the exception of the wood and furniture sector and the packaging, paper and office supplies sector, which declined by 14 per cent and 9.2 per cent, respectively, the Jordan News Agency, Petra, reported. Construction materials posted the "highest" sector in export growth, surging by 86.7 per cent year-on-year, while the engineering, electrical and ICT sector posted the "lowest" sectors in exports with 0.5 per cent. India, the US, Saudi Arabia and Iraq remained the "top" export destinations, collectively accounting for more than JD1.63 billion, over half of the chamber's total exports during the reporting period. Exports to India rose by 14.7 per cent to JD395 million, exports to Saudi Arabia increased by 7.2 per cent to JD352 million, while Iraq exports were up by 4.8 per cent to JD381 million, compared with the same period of 2024. Despite the US recorded a decline of 5.1 per cent during the January-May period of 2025, it remained the "leading" single-country destination for the ACI exports, registering JD507 million, down from JD534 million in the corresponding period of last year. ACI also reported an increase in exports to regional countries, where exports to Syria surged by over 300 per cent, reaching JD114 million, while exports to Palestine rose by 21 per cent to JD69 million. Arab countries topped the list of regional blocs receiving ACI's exports, with a total value of JD1.396 billion, while non-Arab Asian countries followed with JD566 million, and North America with JD528 million. The European Union accounted for JD148 million, African nations for JD82 million, non-EU European countries for JD79 million, South America for JD20 million and other countries for JD27 million. By sector, mining led with JD610 million in exports, followed by chemicals and cosmetics at JD532 million and engineering and electrical products at JD444 million. Exports of food, agricultural and livestock products reached JD417 million, medical and pharmaceutical products JD273 million, and garments and leather goods JD247 million. Other sectors included plastics and rubber with JD130 million, packaging and paper products with JD102 million, construction materials with JD87 million and wood and furniture with JD8 million. Founded in 1962, ACI currently represents around 8,600 industrial enterprises. These businesses collectively employ over 159,000 workers and operate with an estimated total capital of JD5 billion. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Zawya
4 days ago
- Zawya
Jordan, Syria agree on mechanism to boost cooperation in ICT sector
AMMAN — Jordan and Syria on Monday agreed to boost cooperation in the ICT sector, following discussions held virtually between Minister of Digital Economy and Entrepreneurship Sami Smeirat and Syria's Minister of Communications and Technology Abdul Salam Haykal. Discussions during the meeting centred on efforts to activate a regional fibre-optic corridor, explore alternative routes for internet and telecom services, and position Jordan as a strategic transit hub for data traffic with a potential capacity of up to 100 terabytes, the Jordan News Agency, Petra, reported. The initiative would involve linking Syrian and Jordanian fibre-optic networks to enhance service sustainability and regional connectivity. The two sides expressed shared interest in making Jordan a 'critical' passage for Internet traffic transiting through Syrian territory to southern destinations, underscoring the strategic role of infrastructure cooperation in broader regional development. As part of their plan to foster closer cooperation, the two ministers agreed to organise a technical forum in Damascus at the earliest opportunity. The event would bring together private-sector companies from both countries working in telecommunications, digital infrastructure, and IT services to create new channels for business partnerships and investment. Smeirat is expected to head the Jordanian delegation to the forum, which would include representatives from key Jordanian companies specialising in fibre-optic systems, digital platforms, and infrastructure development. During the meeting, Smeirat reiterated Jordan's readiness to support the growth of Syria's ICT sector by offering technical expertise and encouraging the involvement of Jordanian firms in future projects. The ministers also agreed to maintain close coordination through the recently established Higher Coordination Council, formalised by a memorandum of understanding signed in Damascus on May 20.
Zawya
6 days ago
- Zawya
Jordan: Agricultural producer prices jump 9.3% in early 2025 — DoS
AMMAN — Jordan's Agricultural Producer Price Index (PPI) saw a significant 9.3 per cent increase in the first four months of 2025 compared with the same period last year, according to a report issued Sunday by the Department of Statistics (DoS). The index, a key measure of inflation at the farm level, rose to 111.5 points, up from 102.0 points in the first third of 2024, the Jordan News Agency, Petra, reported. According to the department's analysis, this overall increase was driven by "sharp" price hikes in crops such as sweet green peppers, cauliflower and hot peppers, which collectively hold a 34.3 per cent weighting in the index. The rise occurred despite price drops in several "heavily" weighted crops, including eggplant, potatoes, and tomatoes (65.7 per cent weighting). On a year-on-year basis for the month of April, the price surge was even more. The agricultural PPI for April 2025 stood at 119.9 points, a 24.6 per cent jump from 96.3 points in April 2024. This was primarily fueled by higher prices for green chickpeas, tomatoes and melons. While, the month-on-month data showed a "notable" decrease. The April index marked a 7.4 per cent drop from the 129.6 points recorded in March 2025. This monthly decline was attributed to falling prices for seasonal produce like loquats, watermelon, and zucchini. Meanwhile, prices for lemons, tomatoes and potatoes saw an increase compared with the previous month. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. ( JT
