Ministry announces new investment opportunities in agriculture

Agriculture Minister Khaled Hneifat
Minister of Agriculture Khaled Hneifat. (Photo: Jordan News)
AMMAN — Minister of Agriculture Khaled Hneifat said Sunday that the ministry is following up on the implementation of the 2022-2025 national sustainable agriculture plan, which is being implemented according to the time frame set for it, Al-Mamlaka TV reported.اضافة اعلان

Hneifat said in a press statement that the Prime Ministry approved the use of Treasury land in the Hammad and Sarhan basins for agricultural purposes, which will provide investment opportunities for agricultural companies on a 36,000-acre area.

Hneifat said that investments may be done on at least a 1,000-acre plot of land, and that investors are given a set of incentives, including favorable water prices and fast-track investment approvals, in addition to incentives the agricultural sector is granted by the investment and income tax act.

The minister added that investment in this project should entail efficient use of agricultural techniques and irrigation water, pilot projects, and strategies to ensure food security, in accordance with the requirements of the Ministry of Agriculture. The investments should also secure job opportunities for Jordanian communities in their neighborhood.

Hneifat stressed that the envisaged investment opportunities will boost Jordan’s food security, increase the production of strategic crops and Jordanian agricultural exports, and create job opportunities for unemployed young men and women.

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