KADDB INDUSTRIAL PARK –February, 2011.
KADDB Industrial Park- the wholly owned King Abdullah II design and Development Bureau (KADDB) company- signed a new investment contract with ISAN for Armoring and Defense Technologies to rent a ready built industrial facility to start their new operation in Jordan.
“It is the first investment that starts at the Park as an individual business, while we have 10 operating projects at park that excited as a result of KADDB’s Investments with international strategic partners” Wahab Al Awamleh General Director said during the ceremony.
He also added that offering the ready-built industrial facilities service increased the investment facilities offered by the Park and hope it will attract more investors to benefit from the Park’s advanced infrastructure, and the added value on the products due to the advanced machining and batch manufacturing capabilities of projects operating at the park.
The new project will have three main production streams, the first for production of armored vehicles, the second for Armored troops carrier assembly, and one for multi-purpose light planes.
Mr. Mohammad Al-Khateeb -CEO of ISAN Jordan explained that the project will focus on assembly operations in this phase, which is expected to start production by mid of 2011, with an invested capital of 3 million JoD and recruitment of 30 Jordanian Engineers and Technicians, and aim to move to a manufacturing operation in the next phase by utilizing the local capabilities at the Park, and that will of course result for more transfer of new technologies, recruitment and training of local manpower.