JIEC announces new $15m medicine, biotech, veterinary vaccine investment

By JT - May 10,2023 - Last updated at May 10,2023

AMMAN — The Jordan Industrial Estates Corporation (JIEC) on Tuesday announced a new investment in the production of medicines, biotechnologies and veterinary vaccines for a company operating in Al Hassan Industrial Estate.

JIEC Director-General Omar Juwaid said that the volume of the new investment stands at $15 million, and will provide 100 jobs upon its operation within the next two years, the Jordan News Agency, Petra, reported.

He added that this investment confirms the effectiveness of the investment environment in Al Hassan Industrial Estate and the rest of the industrial estates, and demonstrates investor confidence.

As of the end of 2022, Al Hassan Industrial Estate included 136 companies with a total investment volume of JD430 million (approximately $606.15 million), and provided more than 36,000 jobs, Petra added.

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