Elba House invests in Al Mushatta Industrial City to build an industrial complex

Published October 29th, 2007 - 07:30 GMT

Investors & Eastern Arab for Industrial and Real Estate Investments (IEAI) – owners of Al Mushatta Industrial City- represented by IEAI's CEO Mohammad Al Turk – signed an Agreement with Elba House represented by its Chairman of the Board of Directors Zuhair Khouri.  The signing ceremony was attended by Dr Fayez Tarawneh, Chairman of the Board of Directors of IEAI.

 

Elba House will build its industrial complex on an area of 102 dunoms. The company will continue to employ its expertise and knowledge in different industries, the most recent of which is manufacturing buses and vehicles for public and touristic transport, ambulances, as well as metal structures for different transport vehicles.

 

Dr Fayez Tarawneh stated that this Agreement is one of great significance and a welcomed addition to Al Mushattta. Three other similar agreements have been reached with reputable partners, Jordan Ta’ameer Holding, Medicare for Medical Solutions, and JOFCO Fire Fighting & Safety Equipment certified manufacturer. The total number of invested lands in Al Mushatta, prior to its launch, nears 400 dunoms.

 

Mr. Zuhair Khouri said that Elba House evaluated all licensed and unlicensed industrial zones, and reached the conclusion that Al Mushatta Industrial City is valuated as an ideal industrial zone in terms of providing three distinguishing factors; the strategic location of Al Mushatta city near the Queen Alia International Airport, the roads leading to Aqaba, Saudi Arabia, Iraq and Syria, as well as the availability of the needed infrastructure such as roads, sewage, electricity, water and roads, custom clearance offices and bank branches and finally the area is already licensed and no additional cost will be added to the total cost of the land.

 

Al Mushatta is also distinguished in providing large plots of land, enabling complete independence and increased efficiency. This applies on all four phases of the project starting with the first phase that has been concluded and covers an area of 1300 dunoms, complete with all services and infrastructure.  The full area of the project covers over 4,400,000 sq metres and aims to attract local and foreign investments to upgrade Jordan’s industrial capabilities that would enhance the national economy.  


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