The initiative of His Majesty King Abdullah II to establish a special development economic zone in Al-Mafraq, at a cost of $750 million reflects His Majesty’s vision to build modern Jordan. The initiative aims at fair distribution of development benefits and redistribution of gains so that all citizens share in the returns. Moreover, the project seeks to improve the living conditions of all Jordanians.
As Social Security Corporation (SSC) is a major partner in the national development, the Investment Unit has established Al-Mafraq Development Company (MAC) in which the SSC investment accounts for 80 percent of its capital. The remaining 20 percent belongs to the Hashemite Fund for Development of Jordan Badia and King Abdullah II Fund for Special Development.
Over time, the KHBTDA has the potential to introduce new competitive advantage, not only for Jordan, but also for regional companies operating in the same field.
.
read more...