Jordan Times
Thursday, May 12, 2005
Cabinet designates Maan
Industrial City as a QIZ
AMMAN (Petra) — The Cabinet designated the Maan Industrial City as a Qualified
Industrial Zone on Tuesday in a bid to develop the governorate and promote its
economic activities.
Within the next five years, the estate covering 2,500 dunums, is expected to
provide 7,500 job opportunities for the governorate's residents.
The project is estimated to cost JD8.5 million that will secured by loan from
the Chinese government and by the Jordan Industrial Estate Corporation (JIEC).
The project will cater for several industries including automobile assembly and
chemical plants, in addition to garments and textiles.
Companies investing in the industrial estates benefit from competitive prices,
appropriate infrastructure and supplementary services, in addition to tax
exemptions and other incentives under the Jordan Investment Promotion Law.
The investment volume at JIEC's industrial estates totalled JD1.2 billion while
their exports amounted to JD622.5 million.
The Maan Industrial Estate is the fifth project by the JIEC after King Abdullah
II Ben Al Hussein Industrial Estate in Amman, Al Hassan Industrial Estate in
Irbid, Al Hussein Ben Abdullah II Industrial Estate in Karak and Aqaba
International Industrial Estate.
JIEC has a strategy to establish new industrial estates within the following
regions: Tafileh, Madaba, Ajloun, Muwaqqar, Dir Abi Said, Zarqa and Al Hasa.