The Madrid Industrial Company is planning to establish an industrial city exclusive for European factories in south Amman with an investment worth $5 billion that will generate 9,000 job opportunities for Jordanians.
The Cabinet has decided to transform a 1,270 dunums of land in south Amman from a private property into a development zone.
According to Qasem Irshaid, a partner in the company, the industrial city will start receiving factories by the end of 2013 and will be operational by the end of the year 2017.
He indicated that the city will include factories manufacturing consumer goods, foremost of which food, cloths, furniture and carpet, noting that these companies are already working in Europe and have their markets.
The company, which had established similar cities in East Asian countries, preferred to invest in Jordan because of skilled and trained workforce in addition to trade agreements signed by the Kingdom with 50 countries around the world, Irshaid said.
He added that the company is currently preparing infrastructure for the city, which will be in line with the European specifications followed when establishing such large structures.
The company chose an area in south of Amman because of its location in the middle of the country and near the airport, Irshaid indicated, noting that the investment will benefit the Jordanian economy in general and local communities in particular.
The Madrid Industrial Company is one of the first European companies that work on establishing and developing industrial cities in Europe and Asia.