Amman: The Ma'an Development Company (MDC), the master developer behind the Ma'an Development Area, has implemented strategic projects to drive sustainable economic growth and create jobs in southern Jordan, according to the company's chief executive. Mohammad Abu Tayeh highlighted Ma'an's strategic location and diverse natural resources, which have positioned it as a promising economic hub, especially in solar energy, mineral wealth, and logistics.
According to Jordan News Agency, Abu Tayeh revealed that the first solar park initiative has attracted JD350 million ($493 million) in investment. This project generated 1,500 temporary jobs during its construction phase and now provides 148 permanent positions for Jordanians. Additionally, infrastructure for a second solar park has been completed, paving the way for future renewable energy projects. Investments in the industrial park hub have reached approximately JD80 million ($113 million).
The Ma'an Development Area was established following a royal decree in 2007 and formalized under the Development Zones Law in 2008. This initiative aligns with His Majesty King Abdullah II's vision to leverage regional competitive advantages into development projects that stimulate investment and create employment opportunities.
MDC has successfully generated 622 jobs across its various development hubs, including the residential community, the industrial park, the solar hubs, and the oasis sector. Abu Tayeh emphasized that these projects embody the concept of economic self-reliance through sustainable production. MDC continues to offer a competitive investment climate through incentives, including 100% foreign ownership, income tax exemptions on investments, and streamlined single-window administrative services for investors.