Project to be developed on 46 dunums in Al-Muwaqqar Industrial City and expected to create 500 jobs upon completion
Minister of Investment Dr. Tareq Abu Ghazaleh on Tuesday oversaw the signing of a new local investment agreement in the food industries sector, with a total investment exceeding JOD 20 million. The signing ceremony was attended by the director of the investing company and Acting Director General of the Jordan Industrial Estates Company, Uday Obaidat.
Dr. Abu Ghazaleh affirmed that the project represents a qualitative addition to the food industries sector and contributes to strengthening food security, while also supporting community development, stimulating economic growth, and creating sustainable job opportunities. He noted that the project will generate approximately 50 jobs in its initial phases, increasing to around 500 jobs upon full operational completion.
The Minister highlighted the concerted efforts of government entities to support and empower local investors, emphasizing that the Ministry of Investment continues to facilitate the investor journey and streamline procedures through an integrated framework of investment legislation and incentives, in line with the objectives of Jordan’s Economic Modernization Vision.
He added that the project, to be established in Al-Muwaqqar Industrial City, comes amid accelerating growth in local investment, reflecting clear confidence in the strength and attractiveness of Jordan’s investment environment, particularly in terms of legislative stability and the availability of well-developed infrastructure.
For his part, the director of the investing company, Ihab Al-Sharafaa, explained that the project will be developed on a 46-dunum plot of land, which will host the core food manufacturing operations along with a number of complementary supporting industries.
Al-Sharafaa noted that the project represents an extension of the company’s series of successful investments in the Kingdom, driven by its belief in the importance of national investment and its role in supporting the local economy, fostering community development, and creating direct and indirect employment opportunities.
He also commended the government’s support and the efforts of the Ministry of Investment to enhance the investment environment and support local investors, in cooperation and coordination with the Jordan Industrial Estates Company and relevant institutions