Al-Razzaz: guidance to Enhance The Competitiveness of Industrial Cities

07-Aug-2019



Prime Minister Dr. Omar Razzaz announced that the Cabinet decided to instruct the Jordan Industrial Estates Company to reduce the sale prices and rent allowances in the new industrial cities in the governorates of Tafila, Madaba and Al-Salt. 

Razzaz explained that the rates of reduction range from 30 to 80 percent of land prices, and for the first 15 industrial investment companies applying for purchase in each city, and for the first five dunums, in addition to the reduction of rent allowances for industrial buildings ready, and rates ranging from 40 to 70 percent at a cost of 7 million dinars It shall be borne by the Government as the General Assembly of the Industrial Estates Company. 

During his participation in an evening session within the conference of Jordanian businessmen and investors abroad on «industrial cities, developmental, private and free zones and their role in attracting Jordanian investments», the Prime Minister stressed the keenness to benefit industrial cities in the governorates more than the decision, which hopes to contribute to attract more Of investments that generate employment for Jordanian youth. The Prime Minister called on Jordanian businessmen abroad to review this decision and its positive aspects to invest in industrial cities. The directive of the Council of Ministers aims to enhance the competitive advantage of industrial cities in these governorates and increase their ability to attract industrial investment, as a catalyst for industrial investments in these cities, which contributes in providing jobs for the people of those governorates and stimulate the industrial, commercial and urban movement. 

The directive of the Council of Ministers for Industrial Estates provided a basis for the number of Jordanian employees registered in the social security since the beginning of the investment and until the acquisition of the land to 10 employees, so that the percentage of Jordanian workers in projects benefiting from it at least 80 percent of the total number of workers. 

It is noteworthy that the establishment of new industrial cities in Madaba, Tafila and Al-Salt, which came as a commitment from the government to contribute to the development of the provinces and provide employment opportunities, the process of development is nearing completion. 









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