Latest news with #Juwaid
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
Zawya
10-03-2025
- Business
- Zawya
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. (
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.
