Muwaqqar Industrial Estate attracts paper, carton and packing investment

AMMAN — The Jordan Industrial Estate Company (JIEC) on Monday signed an investment agreement in the field of paper, carton and packing in the Muwaqqar Industrial Estate. The agreement, signed by JIEC Chief Executive Officer Jalal Dabai and Marwan and Mohammad Zalatemo, came after the company's announcement of incentives on land and building prices in the estate, according to a JIEC statement.

Dabai noted that JIEC's incentives target factories established out of the Kingdom's industrial estates to provide an investment attracting environment towards the industrial estates in Amman, Muwaqqar, Irbid, Karak and Mafrak. The incentives aimed at encouraging investments in the Muwaqqar and Hassan industrial estates by offering a 10 per cent discount on land values in the two estates.