Car factory in Jordan in partnership with Britain, Korea and China

Car factory in Jordan in partnership with Britain, Korea and China




06/03/2017 0:00

Produces 50 cars per day in the first phase of
Oman / Hazem Mubaidin
"fence Arab automaker begins" manufacturing vehicles in Jordan in partnership with Britain, Korea, China, under the auspices of the Economic Unity Council of the Arab League.
The Chairman of the Board of Directors Massad Rashid: The very company localization of the automotive industry in Jordan to be added more than 53 percent of the industry, noting that the production lines from Korea line forming a sheet welding while the paint oven German assembly lines from China to produce car specifications Jordan.
Stretching the first phase of the factory for the next three years which will produce 50 cars per day manufactured specifications European and targeting the European market does not target the local market or Arab, while the second phase will target the Arab market, and will provide the plant in the first phase of 750 jobs , the Jordanian labor market and in the only services sector while the number of jobs that will be provided over three years 2500 jobs, a fence company has taken the approval of the investment mechanism of the Arab League meeting to be the first Arab company to manufacture cars that qualify to enter the European markets without barriers , no customs or taxes.
He said Rashid that the operators of the project are the Union of Exporters and Importers Arabs such as managing investment , an Arab body affiliated with the Council of Arab Economic Unity of the Arab League, and of the company 's initial capital of $ 53 million and in the third year of up to $ 150 million, noting that the funding came in partnership in investment both Korean and Chinese side compared to the proportion of the profit while the capital local and Arab world.
He stressed that the first production line will be the first month of November , where production will produce 50 car lines per day in the first year and double production to 150 cars a day with the end of the first phase of the factory after three years.
The factory was dedicated to make part of its profit to the institutions of civil society by 5 percent and these occur for the first time, which is not usually more than just 1 percent of the profits the Arab region.
The Ayas carmaker launched before the plant in cooperation with the Investment Promotion Foundation and the strategic partner of the company "X - Z Watteau" Chinese.
A company official said that his company has joint efforts with China and Iraq to develop a product that will be sold to the citizen to suit the specifications of Jordan and the world required to achieve maximum durability and safety of the cars that will be produced in Jordan quality.
He explained that the added value of other Arab origins will have a big share in this product where available in some Arab countries complementary industries for cars comparable to its quality global industries down to the product achieves the desired Arab economic integration.
He said that the company will start production of five thousand vehicles during its first year and then with a production capacity of up to 12 thousand vehicles per year in order to compete in the local and regional market, adding that this project will specialize in the manufacture of various vehicles , including vehicles pick - up as well as light and medium transport trucks as well as with sports cars Payment of bilateral and quadruple. It will include the latest sports cars "Landmark" and "Grand Tiger pick - August" model.

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