Jordan signs 6 new industrial investment deals

Jordan on Sunday announced the signing of six agreements for investment in the industrial sector, the official Petra news agency reported.

The Jordan Industrial Estates Company said that it signed deals to attract industrial investment in Salt and Madaba areas in the country.

At the signing ceremony, Jordan’s Minister of Industry and Trade Tariq Hammouri said that the investment volume of the six deals stands at around 10 million U.S. dollars.

To increase investment in Jordan, the cabinet last month made a decision that rent cost for new investment in free zones in Jordan will be lowered by 40 to 70 percent for the first three years of the contract.

The cabinet’s decision stipulates that each new investment must provide job opportunities for at least 10 Jordanian employees registered with the Social Security Corporation from the start.