Plastic fantastic: Lebanese investor starts up factory in Jordan
Jordan Industrial Estates Corporation (JIEC) and a Lebanese investor on Saturday signed an agreement to establish a factory specialised in plastic industries at Al Muwaqqar Industrial Estate at a cost of JD5 million.
JIEC’s Director General Loay Sehwail said the new agreement brings up the number of industrial entities at the estate to 13 at an investment volume exceeding JD190 million and providing around 15,000 job opportunities.
At the end of the first half of this year, the investment volume at the industrial estates reached around $2.5 billion spread over 553 industrial companies. The companies provided 33,000 jobs and their exports totalled around $1 billion, the JIEC director general pointed out.
- Frozen: Arab Spring economies barely trading with one another
- China-Pakistan economic corridor: a game-changer for the Middle East?
- Suspended tax transfers pushed Palestinian economy to the brink
- Egypt passed the economic conference with flying colours, but what's next?
- Why the GCC really needs a VAT tax