Tender for joint industrial estate to be floated before end of 2019

AMMAN — Minister of Industry, Trade and Supply Tareq Hammouri on Tuesday said that a tender to bring specialised companies to determine the conditions and details for establishing the joint industrial estate between Jordan and Iraq “will probably be floated before the end of 2019”.

Studies to float the tender have been ready for a while, but the Jordanian-Iraqi company responsible for the project is still overlooking similar international experiences that have proven successful in order to benefit from them as much as possible, according to the minister. 

Communication with Iraq is ongoing in regards to the industrial estate, Hammouri said, noting that the two countries are cooperating to remove any hindrances that might face the project, which will positively benefit both countries. 

Earlier this year, in March, Hammouri and Iraqi officials discussed the latest updates in the implementation of measures the two sides agreed on in February to enhance Jordanian-Iraqi economic ties. 

Hammouri and Iraqi Deputy Prime Minister and Minister of Finance Fuad Hussein, as well as accompanying ministers at the time discussed pledges to implement all the economic agreements.

Also, they discussed the measures necessary to set up an industrial estate on their common border as a “qualitative leap” in economic cooperation.

During the meeting, Iraqi ministers stressed their keenness to enhance economic cooperation with the Kingdom in various fields, and to speed up procedures to implement the signed agreements, especially those pertaining to trade, investment, energy and transport, among others.