Jordan Calls for Glass Investment

Ministries of Economic Development throughout the Middle East have published details of a number of glass-related products that the country of Jordan has opted to put together as part of the creation of a silicon cluster.

According to sources, Jordan is seeking investments for $2 million with 5-year recoupment term for building of a factory of silicone gel.The enterprise can be constructed for 10-14 months, and its customer is NAVITAS Engineering & Management Consultant.

Besides, $4 million will be raised with 4-year investment recoupment period for construction of a factory of soda silicate and potash silicate.

Construction will take place at the same time and the customer is the same.

Another $21 million with recoupment term of 7 years is raised for construction of a glass container producer factory. Construction term is 14-18 months, and its customer is NAVITAS Engineering & Management Consultant.

The largest project is the construction of a glass (float) production plant with a total investment of $222,469,763, of which 35% is drawn as a loan and 65% as equity stakes of the shareholders. The plant will produce 700 tons of glass per day. The customer here is PRO Group Consulting.

Interested parties may contact the Ministry’s Inter-State Economic Relations Department by phone: 4938867 (2149) or to Navitas on phone number: +962-6-4004422 and +962-6-4006622.

“It is clear that boom times are back for the Middle East’s glass industry” says Derek Burston, exhibition director, Gulf Glass 2013, “and it is this optimism, and level of planning, coinciding with our positioning of next year’s edition of the exhibition at the Dubai World Trade Centre, for the first time” he adds.

Next year’s exhibition, although not until September, already has reservations for over 1,100 sq metres of the available space.

“We do have the option for expansion” adds Burston “and this may be important, as the initial bookings received have all exceeded our projected average stand size by some margin” he concludes.

To reserve your space, or more information, contact Gulf Glass 2013 via Derek Burston on Des@gattacaltd.com

600450 Jordan Calls for Glass Investment glassonweb.com
Date: 6 June 2012
Source: www.glassinthegulf.com

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