The King Hussein Bin Talal Development Area attracted new investments during the current year valued at 191 million dinars, according to Lisa Al-Daghmi, the General Manager of Al-Mafraq Development Company.
Al-Daghmi said today, Sunday, that the attracted investments included 15 new factories, which are expected to provide more than 5587 permanent job opportunities, pointing out that this level of investment is unprecedented in the history of the area and represents a qualitative leap in its investment trajectory.
She added that the total number of investments in the King Hussein Bin Talal Development Area reached 81 investments, with an investment volume of 830 million dinars, and the total employment in the area amounted to 1870 job opportunities, 70 percent of which are for the sons of Al-Mafraq, explaining that the expected employment from the projects under construction and design in the area is 7370 job opportunities.
Al-Daghmi pointed out that the area houses 4 solar energy projects with a production capacity of 175 megawatts, which are among the largest at the kingdom level, indicating that the occupancy rate of all projects is about 38 percent of the total industrial sector area.
Al-Daghmi confirmed that the growth in investment volume is due to several factors, the most prominent of which is the strategic location of the area and its proximity to the borders with Syria, Iraq, and Saudi Arabia, making it an attractive point for investors, in addition to the incentives and facilities that Al-Mafraq Development Company offers, alongside the investment environment law that grants developmental areas encouraging advantages for establishing investments.
