JIEC promotes industrial estates to Arab delegation

AMMAN — An Arab industrial delegation on Saturday had a first-hand look at the Jordanian experiment of industrial estates and efforts exerted by the Jordan Industrial Estates Company (JIEC) in providing an investment-attracting environment.

The delegates, taking part in the 6th Jordan International Exhibition for Chemical Industries, praised the investment achievements at the King Abdullah II Industrial Estate (KAIE) in Sahab. KAIE, established in 1984, houses  458 entities whose total investment volume stands at around JD1,376 million and provides more than 15,000 jobs, said Issam Mubaidin, KAIE director.

The head of JIEC's investment directorate said the investment environment in industrial estates and the incentives provided to industries are top factors that contribute to attracting projects in Jordan. The Kingdom's trade agreements with Arab and foreign countries benefit investors and enhance Jordan's status in attracting industrial investments, the director added.