Amman, Jan. 21 (Petra) –Ministry of Energy and Mineral Resources, the Ministry of Agriculture, the Electricity Distribution Company (EDCO) , and the Jordan Enterprise Development Corporation (JEDCO) on Wednesday signed a joint memorandum of understanding (MoU), with an investment volume of JD14.45 million.

The MoU aims at supporting and encouraging investment in the agricultural development industrial complex in the Southern Ghor region of southern Karak governorate.

According to the terms of the five-year memo, the Ministry of Agriculture's budget will allocate JD4,847,103 to support infrastructure for the project's factories.

An additional JD1.818 million will be allocated for developing the industrial complex's infrastructure, including roads, sewage systems, a treatment plant, lighting, surveillance cameras, and other facilities.

Furthermore, JD6,655,103 will be allocated to support the industrial zone and its associated factories, bringing the total investment to approximately JD14.45 million.

Under the memo, the Ministry of Energy and Mineral Resources is tasked with developing national energy strategies, comprehensive sector planning, and setting and ensuring the implementation of public policies to achieve the overall goals of the energy sector.

The Electricity Distribution Company will be responsible for distributing the project's electricity, while the Jordan Enterprise Development Corporation will be tasked with developing productive projects, focusing on the industrial, service and agribusiness sectors, supporting small and medium-sized enterprises (SMEs).

The efforts also aim to improve the business environment, and providing technical and financial support through the Industrial Support Fund for programs designed according to the needs and requirements of different sectors.

Also under the MoU, production from the project must commence within two years of the signing date of the investment contract , while the project must generate at least 30% locally sourced added value and production inputs must be 100% Jordanian-made.

The MoU also requires creation of a total of 1,300 job opportunities for residents of the Southern Ghor region, including 450 direct and 600 indirect jobs, as well as a commitment to provide a training plan for employees in cooperation with relevant authorities.

The memo aims to enhance cooperation among the four signatory parties to implement investment incentives in the Southern Ghor Agricultural Industrial Estate, which was previously approved by the Cabinet.

These incentives are designed to develop small and medium-sized enterprises (SMEs) and provide subsidies for their electricity costs in the agricultural sector.

This effort will contribute to reducing production costs, increasing competitiveness of food industries that rely on local agricultural products, and boosting the added value of the national economy.
//Petra// AG

21/01/2026 17:34:55