On Sunday, Prime Minister Jafar Hassan inaugurated six factories for the "Jinsheng" International Company in the Al-Qatrana area of Karak Governorate. These factories will form the nucleus of an integrated industrial complex in Al-Qatrana, providing 700 job opportunities for the residents of the governorate and its neighboring areas. The Prime Minister also directed the initiation of procedures to convert the industrial complex into a development zone to further expand investments.
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During the inauguration, Hassan emphasized the government's commitment to providing the necessary support and facilities for investors, ensuring these investments benefit from the privileges and incentives granted to the Jordanian industry to enhance its competitiveness in the local market.
This investment aligns with the government’s approach and policies aimed at supporting investment and fostering a conducive environment for investors, in implementation of the Economic Modernization Vision. This vision aims to expand investment opportunities to boost economic growth rates and create job opportunities for Jordanians.
The company's total investment volume in the Kingdom is estimated at approximately $830 million since 2022, and it seeks to expand its investments even further. The company already owns two raw cardboard and steel factories in the King Hussein Development Zone in Mafraq, as well as another steel factory under construction in Zarqa Governorate, which is scheduled to open before the end of this year.
The Chinese company has benefited from the advantages of the Investment Environment Law, in addition to the investment incentives provided by the government. These incentives included supplying the company with its electricity needs and commencing the construction of an electrical substation valued at approximately 7 million Jordanian Dinars to secure the energy required to operate and expand its factories. This was conditional upon the company's commitment to providing 2,000 job opportunities over the next three years.
The newly inaugurated factories establish the foundation for an integrated industrial complex in Al-Qatrana, following the company’s initial launch with just two factories in 2022, which currently employ around 830 workers.
"Jinsheng" International Company is a Chinese investment specialized in the manufacturing of porcelain, electrical appliances, stainless steel, lighting, sanitary ware, cardboard shaping, and other products. It is currently working on completing the construction of three additional factories in Al-Qatrana for the production of glass, porcelain, and plastic products.
Wu Jianbo, CEO and General Manager of "Jinsheng" International Group, stated that Jordan represents an attractive investment environment thanks to its stability, stimulating legislation, strategic location, and the governmental facilities provided to investors.
