Latest news with #JordanIndustrialEstatesCompany
Jordan Times
12-04-2025
- Business
- Jordan Times
JIEC, Morocco's CDG launch 'strategic' technical, economic partnership
Jordan Industrial Estates Company and Morocco's Deposit and Management Fund on Saturday signs a memorandum of understanding to establish a 'strategic' partnership (Petra photo) AMMAN — Jordan Industrial Estates Company (JIEC) and Morocco's Deposit and Management Fund (CDG) on Saturday signed a memorandum of understanding (MoU) to establish a "strategic" partnership to strengthen technical and practical relations to promote "sustainable" development and increase added value to empower and advance of the two countries' economies. The agreement, which was signed by JIEC Director General Omar Juwaid, and CDG's Director General, Khaled Safir, saw attendance of Moroccan Ambassador to Jordan Fouad Akhrif and the two sides' officials. According to a JIEC statement, the MoU came as part of the CDG's delegation's visit to Jordan to learn about the expertise of several Jordanian institutions, mainly this Jordanian company. The memo establishes cooperation in areas of mutual interest, primarily institutional fields, investment, training, technology, development, corporate governance, and assessment and decision-making mechanisms. Speaking at the signing ceremony, Juwaid highlighted the "deep-rooted" Jordanian-Moroccan relations, under the two kingdoms' leadership within visits and joint working committees in all fields, primarily in the economic areas. Juwaid also highlighted the "comprehensive growth" in Jordanian industrial estates over the past forty years, which have become the "largest" incubator for industrial investments in Jordan, noting their "distinguished" contributions to employing Jordanian workers and driving economic development. Meanwhile, the Moroccan envoy said the visit falls within the practical implementation of a "strategic" partnership, based on "solid" foundations and pillars. The diplomat added that the MoU reflects the "deep-rooted and close, brotherly" bilateral ties and seeks to establish an "advanced model" of technical and institutional cooperation to achieve common interests. Akhrif added that the memo represents a "fundamental" step to enhance integration and consolidate cooperation ties, which would contribute to success of joint projects, develop institutional capacities, and achieve future goals and aspirations, serve the two countries' economic, social and human development. Under the memo, the two sides will exchange information and expertise and prepare consultations to conduct joint and agreed-upon studies and projects. Additionally, both sides will coordinate and prepare field studies to achieve digital transformation in their operations to keep pace with requirements of the industrial revolution and contribute to accelerate transition to the next generation in this field. Cooperation will also be made to organise events, workshops, and meetings to coordinate and exchange views on issues of common interest through local and international forums, and unify efforts, in a bid to develop industry and enhance the two kingdoms' integration in this area, according to the statement Page 2
Jordan Times
08-03-2025
- Business
- Jordan Times
Al Muwaqqar Industrial Estate attracts JD10m food manufacturing investment
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 (Photo courtesy of the Jordan Industrial Estates Company) 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.
Roya News
08-03-2025
- Business
- Roya News
New 10 million dinar investment in Al-Muwaqar Industrial City
The Jordan Industrial Estates Company signed a new investment agreement today in Al-Muwaqar Industrial City, where 33 dunums will be allocated for the establishment of a food manufacturing factory, with an investment of approximately 10 million dinars. The project is expected to create around 150 job opportunities during its initial operational phases. Omar Jwayed, General Manager of the Jordan Industrial Estates Company, announced that by the end of 2024, the number of industrial investments in Al-Muwaqar City had reached 103 companies, with a total investment value of 641 million dinars. He further noted that these investments have generated more than 4,700 job opportunities across various sectors, including food industries, engineering, textiles, and packaging. Jwayed highlighted that this new food industry investment is one of the largest to be attracted to the city and will significantly contribute to strengthening the national industry and enhancing the quality of Jordanian products. The factory's exports will target regional and global markets. He also pointed out that Al-Muwaqar City attracted over 26 industrial companies in 2024, with a total investment of nearly 95 million dinars. Al-Muwaqar Industrial City, which opened in 2011, spans 2,500 dunums and has been developed in three phases. The most recent expansion, in 2024, added 305 dunums to accommodate the growing demand for investment.
Jordan News
08-03-2025
- Business
- Jordan News
New Investment in Al-Muwaqar Industrial City with 10 Million Dinars - Jordan News
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.
Jordan News
30-01-2025
- Business
- Jordan News
Industrial Cities: Committed to More Giving and Production - Jordan News
Amman – The Jordan Industrial Estates Company confirmed that the achievements of the Jordanian industrial cities over nearly forty years, during which they have witnessed the accomplishments of His Majesty King Abdullah II in various fields, especially the industrial sector, have had a significant impact on the national economy. اضافة اعلان These achievements have been supported by His Majesty, who has led the development and modernization journey since assuming his constitutional duties. In a statement issued today, Thursday, the company emphasized that under His Majesty's auspicious reign, new industrial cities were established, bringing the total number of industrial cities to ten, spread across various governorates of the Kingdom, leading an economic and developmental renaissance. The statement further noted that the Kingdom's celebrations of His Majesty's 63rd birthday renew feelings of pride and gratitude for the progress, prosperity, and growth achieved across all sectors, especially the economic sector. Jordan has become a beacon of security, stability, growth, resilience, and perseverance in the face of various challenges, turning these challenges into opportunities thanks to His Majesty's continuous efforts to support development. The CEO of the company, Omar Jweid, stated that the Kingdom's celebrations of this occasion were crowned with the celebrations of the Silver Jubilee of His Majesty's constitutional rule, marking 25 years since His Majesty assumed his constitutional duties. During this period, Jordanians across the Kingdom reflected on the achievements across various fields. It was a fortunate coincidence that two industrial cities, Aqaba and Al-Hassan, under the Jordan Industrial Estates Company, received royal recognition on this occasion. Jweid explained that this demonstrates the ongoing royal support for the Jordanian industrial cities and their direct impact on development in all its aspects, in line with His Majesty's vision and aspirations. These cities have attracted high-quality investments in various productive sectors, providing thousands of job opportunities for young Jordanians. Additionally, they have contributed to the development of the governorates and the equitable distribution of development benefits, which are reflected in increasing national exports and GDP figures. As of the third quarter of 2024, the number of industrial companies in various industrial cities reached 937, with investments exceeding 3 billion Jordanian dinars, creating nearly 61,000 job opportunities. Jweid further noted that the contributions of the industrial cities have grown steadily during His Majesty's reign, as the cities have focused on creating plans and strategies to cement the identity of national industries and Jordanian products, which today compete locally, regionally, and internationally. These industrial cities have provided all the necessary conditions for successful investment, making it easier for investors to overcome challenges, thus positioning the Jordanian industrial cities as the largest incubators for these investments.
