5 Jordanian projects on the list of Arab investments worth $3.4b

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(File photo: Ameer Khalifeh/Jordan News)
AMMAN — Secretary-General of the Ministry of Industry, Trade, and Supply Dana Al-Zoubi said that five Jordanian projects have qualified for undergoing economic feasibility studies, which will be implemented by the Higher Committee for Integrated Industrial Partnership Projects for Sustainable Economic Development, by Jordan, Egypt, UAE, and Bahrain, according to Al-Ghad News.اضافة اعلان

Zoubi said that the five projects were selected from among 12 that the higher committee had chosen in the first stage out of 87 proposed projects submitted by the governments of Jordan, Egypt, and UAE, before Bahrain joined it.

The value of the initial investment in these five projects is about $3.4 billion; it will be secured in partnership with the private sector and the UAE Investment Fund, which was allocated $10 billion by the ADQ Holding Company.

According to Zoubi, the five Jordanian projects are in the field of agriculture, food, fertilizer, and medicine. They will be approved if they pass several stages, which include completing an economic feasibility study, showing readiness at the current stage, and the expected output.

The five projects, if approved, will be implemented in Jordan; they may take months, and may even extend to two years, depending on the nature of the project.

The Higher Committee for Integrated Industrial Partnership is assigned a set of tasks to ensure a sustainable economic development, most notably by enabling the private sector entities to implement partnership investment projects by involving companies interested in investing in the main sectors in the four participating countries.

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