Ammon News - The volume of investments in industrial estates in 2022 hit JD3 billion, an increase of 19 percent compared with 2021, supported by 174 new investments worth JD575 million, the Jordan Industrial Estates Company (JIEC) said on Sunday.

In a statement, JIEC noted that 27 of the new investments were in the service sector, with a growth rate of 26 percent, while the remaining 147 were in the industrial sector, with a growth rate of 7 percent over the previous year. These investments are expected to provide 6,000 job opportunities.

"Under the industrial sector investments, 75 investments with a value of JD205 million will be dedicated to expanding previously established facilities in Jordan’s various industrial estates. In addition, 70 new facilities, with a value of about JD177 million, will be established to produce chemical, plastic, wood, pharmaceutical, food, textile, engineering, construction, and paper and cardboard industries.

Abdullah II Ibn Al-Hussein Industrial Estate (AIE) has ranked first in terms of investment volume with 15 new investments and 25 expansion contracts worth JD77 million, followed by Tafeileh Industrial Estate.

JIEC Director General Omar Juwaid said that the investment incentives endorsed by the government to attract investment in Tafeileh reflected the desire of investors to expand and establish investments in the governorate’s Industrial Estate.

"The decision provided subsidies for electric power prices for small- and medium-sized enterprises (SMEs) at the estate, where the SMEs’ definition of the Energy and Minerals Regulatory Commission (EMRC) will be adopted for this purpose," he added.

As for Al-Hassan Industrial Estate (HIE), the investment volume reached JD178 million, with 9 new industrial investments, 32 expansion contracts, and 2500 job opportunities, he said.

"Moreover, new investments worth JD86 million were established in Al Muwaqar Industrial Estate, JD3 million in the Salt Industrial Estate, JD4 million in the Madaba Industrial Estate, JD2 million in the Mafraq Industrial Estate, and JD17 million in the Al Hussein Industrial Estate," he said.