Joint economic city development set to begin by year-end — minister

Trade industry
(File photo: Jordan News)
AMMAN —The Minister of Industry, Trade, and Supply, Youssef Al-Shamali, who also serves as the Minister of Labor, has announced that work on developing the joint economic city is expected to commence by the end of this year, as per the agreement reached with the other side.اضافة اعلان

The city is set to be located on the borders of Jordan and Iraq.

According to a local media outlet, the minister added that that four international companies have expressed interest in acquiring vouchers and participating in the establishment of the new economic city.

While discussing the objectives of the joint economic city, Shamali emphasized that its purpose extends beyond the purely economic aspects.

He highlighted the example of the Islamist extremist group Daesh, which infiltrated Iraq through its western region due to the lack of presence of employment or monitoring. By creating job opportunities through the city, the minister said he believes that the region can eliminate the space for terrorist organizations to establish themselves.

Furthermore, Shamali underscored the positive impact that the establishment of the economic city will have on the Baghdad International Highway.

The introduction of additional services along the highway is expected to enhance its functionality and efficiency.

Moreover, investors will be granted the privilege of importing their goods into the city from Jordan and Iraq without being subjected to customs duties.

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