Jordan Industrial Ports Company's revenues stand at JD21mln in 2021-Report

(Photo: JIPC)
AMMAN-- The Jordan Industrial Ports Company (JIPC) approved, during its regular annual meeting held Thursday, the report of the board of directors and the company's financial statements, according to the Jordan News Agency, Petra. اضافة اعلان

Chairman of the JIPC Board of Directors, Dr. Maen Al-Nsour, announced the company's revenues have increased by 1% at the end of 2021 to reach JD20.9, compared to JD20.4 million in 2020.

The company also achieved operating profits, excluding depreciation, amounting to JD7.7 million, Al-Nsour pointed out.

Al-Nsour pointed to the JIPC's "growing" role over the past years in supporting the overall national economy, as the company's payments to the state Treasury in terms of concession fees and land leases at the end of 2021 amounted to about JD11 million, in addition to the deducted tax on income.

In February 2022, he said the company received a project to expand and rehabilitate the industrial port, which is of "remarkable" economic and logistical importance, due to its role in promoting the Kingdom's development.

The project will also raise the port's operational efficiency and empowering the JIPC's partners, in a bid to raise their production capacity and diversify their exports of derivative and intermediate products, he pointed out.

The official inauguration of the industrial port project would take place in the mid-2022, he expected, reviewing the JIPC's future plans, which seek to harness its "distinguished" investment expertise in the port field to operate other ports in the Gulf of Aqaba and the region.

For his part, the JIPC Vice Chairman, Abdul Wahab Rowwad, said the company serves the expansion plans of its capital partners, namely Arab Potash Company (APC) and Jordan Phosphate Mines Company and their allied companies, which means that the JIPC has begun to achieve its planned goals.

Achievements made so far will contribute to placing the JIPC on a "successful" technical and port path that will in turn serve the existing and new users and will be the basis for transferring expertise through the management and operation of other ports, Rowwad pointed out.

Meanwhile, JIPC General Manager, Khaled Shehadeh, noted the company had obtained a set of local and international accreditations, which gave it high-level professional levels.

The company's "continuous" investment in training Jordanian workers had a "remarkable" impact on operating the Aqaba port "completely depending on the skilled local competencies," Shehadeh said.

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