Ministry unveils investment opportunity to help export fresh local products

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(File photo: Ameer Khalifeh/Jordan News)
AMMAN — On Thursday, the Ministry of Investment unveiled an investment opportunity through its electronic platform. This opportunity involves establishing a logistics company specializing in exporting fresh products and providing cold storage chain services.اضافة اعلان

The anticipated investment volume is $25 million, with an internal rate of return set at 11.5 percent. The expected payback period is estimated at 9 years, and it is anticipated that 75-150 jobs will be created, Al-Mamlaka TV reported.

In terms of the site's attributes, the data reveals the presence of 5 regional centers located in Karak, Irbid, Madaba, or Amman (depending on the selected location), along with Balqa and Mafraq. Each regional center will serve the surrounding agricultural area within a one-hour drive, allowing the service provider to cover at least 50 percent of the Jordanian agricultural export market. This ensures the maintenance of high product quality.

The proposed logistics company will directly export fresh products to farmers, ensuring high-quality standards from the farm's inception. The company will manage the cold chain infrastructure, with costs shared with farmers. Agriculture plays a pivotal role in Jordan's economy, contributing 20 to 25 percent to GDP and employing 14 percent of the workforce.

 The primary agriculture sector contributes 5.6 percent to GDP, with untapped potential in agricultural exports. Investors are tasked with financing construction, setup costs, and operational expenses. Collaboration with local stakeholders, understanding farmer requirements, and contracting with knowledgeable local companies are crucial for success. Phased regional center development aims to reduce initial capital burdens. The Ministry launched six new investment opportunities in tourism and food, totaling an expected $58.43 million, bringing the cumulative investment on the platform to over $1.4 billion.


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