Latest news with #JD45
Jordan Times
10-04-2025
- Business
- Jordan Times
Mafraq, Irbid development zones attract JD886m, create over 4,200 jobs
The King Hussein Bin Talal Development Area in Mafraq and the Irbid Development Area collectively attract JD886 million in local and international investments (Photo courtesy of King Hussein Bin Talal Development Area in Mafraq) AMMAN — Private sector investments in Jordan's northern development zones are gaining impressive traction, with the King Hussein Bin Talal Development Area in Mafraq and the Irbid Development Area collectively attracting JD886 million in local and international investments. These projects have so far created over 4,200 sustainable jobs across industrial, technological, and entrepreneurial sectors, according to a Social Security Investment Fund (SSIF) statement. The figures were presented during a recent meeting of the Social Security Investment Board held at the King Hussein Bin Talal Development Area, where senior officials and stakeholders reviewed progress and upcoming initiatives. Chairman of the Board of Directors of Daman for Development Areas Company (DDC) Awwad Hijazi showcased the company's accomplishments in infrastructure development and investor engagement, which he said have been instrumental in boosting competitiveness and diversifying investment sectors both nationally and regionally. Highlighting Mafraq's growing appeal, Salem Khazaleh, chairman of the Mafraq Development Corporation, said that the area has attracted JD641 million in investments, spanning sectors such as solar energy, manufacturing, and logistics. These investments have generated around 1,840 jobs. Khazaleh also announced plans for a major logistics hub currently under preparation, describing it as a 'strategic opportunity' for both local and foreign investors that could position Mafraq as a key logistics gateway for Jordan and the wider region. In Irbid, the development area is emerging as a center for innovation and technology, according to DDC CEO Liza Dughmi. She noted that JD45 million has been invested in tech-driven and educational ventures, creating 2,370 high-value jobs in advanced specialisations. Dughmi also emphasised partnerships with public institutions and local organisations to strengthen the investment climate and deliver tangible benefits to local communities. SSIF Chairman Umayya Toukan said the progress in both zones reflects the Hashemite leadership's vision to channel investments into governorates, supporting economic growth and decentralised development. 'The Fund remains committed to securing sustainable returns that go beyond financial profit,' he said. 'Our investments are about creating real economic and social value.' SSIF CEO Ezzeddin Kanakrieh described the development zones as a model of effective public-private partnership, grounded in strategic planning and focused on viable, impactful projects. 'These investments represent a core pillar of responsible, sustainable development,' Kanakrieh said. 'They are fully aligned with the Economic Modernisation Vision and support the government's efforts to build a resilient, competitive economy.' Board members commended DDC and its subsidiaries for their role in elevating Jordan's regional investment profile. They applauded efforts to provide world-class infrastructure, support small and medium-sized enterprises, and promote entrepreneurship and innovation. Established in 2009, DDC is a wholly owned subsidiary of the Social Security Corporation and serves as the investment arm of the Social Security Investment Fund. The company is responsible for developing, managing, and marketing both the Mafraq and Irbid development areas, which were designated as special economic zones under Royal Initiatives aimed at advancing investment and fostering inclusive growth across Jordan's governorates.
Jordan Times
17-03-2025
- Business
- Jordan Times
Local clothing, footwear sales struggle ahead of Eid Al Fitr, expected to improve
They predict that sales will improve in the coming period when salaries are due (File photo) AMMAN — The buying power in the local clothing and footwear market is currently down, compared to previous seasons, despite stable prices, but sales will pick up over the Eid Al Fitr holidays, according to traders and stakeholders. In interviews with the Jordan News Agency, Petra, they predicted sales will improve in the coming period when salaries are due and markets bustle with shoppers ahead of the holidays in about two weeks. "Demand for clothing and footwear in the local market is still below average," complained Asaad Qawasmeh, an importer, owing it to the public's weak purchasing power despite prices remaining stable and some even dropping. Qawasmeh, a member of the Amman Chamber of Commerce board, expected demand to increase during the last week of Ramadan. He said the current Eid Al Fitr season will be hard for apparel merchants due to "the overlap of seasons", as they need to offer discounts on winter clothing, while summer models hit the market. Jordan imports of ready-made clothing in the first two months of the year were at JD45 million, plus JD14 million of footwear, mainly from China, Egypt, Turkey, Europe, the United States, and West Asian countries, said Qawasmeh. Munir Dayeh, an importer and wholesaler, said the clothing and footwear commercial activity remains "very limited" and below levels seen in previous holiday seasons. He said importers, wholesalers, and retailers, completed preparations for the holidays, with most goods arriving in the local market and displayed in stores at suitable prices. Ihab Qadri, representative of the leather and garment industries at the Jordan Chamber of Industry, said that activity in the local market is currently "normal" compared to previous seasons, with sector facilities ready to meet demand.
Jordan Times
16-03-2025
- Business
- Jordan Times
Jordan's mobile imports at JD176m in 2024
By Petra - Mar 16,2025 - Last updated at Mar 16,2025 President of Association of Mobiles and Accessories Investors on Sunday says the Kingdom imports of mobile devices in 2024 amounted to around JD176 million (JT file) AMMAN — Association of Mobiles and Accessories Investors (Vision) President, Ahmed Alloush, on Sunday said the Kingdom imports of mobile devices in 2024 amounted to approximately JD176 million, with a total number of devices reaching 1.855 million. The association announced the value of purchases of mobile devices and accessories with debit cards in 2024 approximately stood at JD60.2 million, the Jordan News Agency, Petra, reported. According to an association statement, the number of purchase transactions in the same year reached approximately 1.2 million payment operations made at point-of-sale systems at mobile phone stores. Alloush said imports in 2024 witnessed a 13.7 per cent increase in value, compared with 2023, when imports reached JD154.6 million. He noted the number of imported devices also went up by 7.5 per cent, compared with 1.726 million devices in 2023, reaching 1.855 million devices in 2024. He also stated the total value of tablet devices imported to Jordan in 2024 amounted to approximately JD45 million.
Zawya
29-01-2025
- Business
- Zawya
Jordan: Tablet imports reach $63.4mln in 2024
AMMAN — Jordan's tablet computer imports reached JD45 million in 2024, according to customs data released Tuesday by the Association of Mobiles Phone and Accessories Investors (Vision), the Jordan News Agency, Petra, reported. Head of Association Ahmed Alloush, reported that with an average market price of JD97 per device, total tablet imports reached approximately 464,000 units during the past year, citing certified customs documentation. The figures mark a significant increase from 2023's imports of 310,000 devices, though roughly matching 2022's level of 451,000 units, demonstrating fluctuating market demand over the three-year period. The data, based on certified customs invoices, reflects official import volumes through Jordan's customs channels, Alloush said in a statement, providing insights into the kingdom's consumer electronics market trends. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
28-01-2025
- Business
- Jordan Times
Tablet imports reach JD45m in 2024, Vision reports
Jordan's tablet computer imports reached JD45 million in 2024, according to customs data released Tuesday by the Association of Mobiles Phone and Accessories Investors (JT file) AMMAN — Jordan's tablet computer imports reached JD45 million in 2024, according to customs data released Tuesday by the Association of Mobiles Phone and Accessories Investors (Vision), the Jordan News Agency, Petra, reported. Head of Association Ahmed Alloush, reported that with an average market price of JD97 per device, total tablet imports reached approximately 464,000 units during the past year, citing certified customs figures mark a significant increase from 2023's imports of 310,000 devices, though roughly matching 2022's level of 451,000 units, demonstrating fluctuating market demand over the three-year period. The data, based on certified customs invoices, reflects official import volumes through Jordan's customs channels, Alloush said in a statement, providing insights into the kingdom's consumer electronics market trends.
