The Ministry of Investment has unveiled a promising pre-fabricated housing project on the "Invest in Jordan" platform. With an anticipated investment size of $6.2 million and an attractive internal rate of return of 15.8 percent, the project aims to revolutionize the housing sector by offering efficient and cost-effective solutions.The proposed project, located in the Zarqa Governorate, holds significant potential, not only for the housing market but also for job creation. It is set to generate approximately 100 employment opportunities, bolstering economic growth and prosperity in the region.The project's innovative approach involves manufacturing housing components within a controlled factory environment, followed by on-site assembly at designated construction sites, with an annual production capacity of 417 three-bedroom houses.By embracing pre-fabrication techniques, this project addresses the growing demand for new homes while significantly reducing construction time and costs when compared to traditional building methods. The streamlined process ensures the timely delivery of high-quality residential units, meeting the evolving needs of Jordanian households.To facilitate the successful implementation of the project, an estimated land area of 20,000 square meters in the Al-Dhulayl area near Zarqa has been allocated. Within this space, a building area of 10,000 square meters will house the factory and associated facilities.The implementation period is estimated at two years, which encompasses the construction of the factory and meticulous planning of the housing component production process in collaboration with engineers and architects. The investor assumes responsibility for financing the construction and operation costs of the project, ensuring its sustainable development.Notably, the global investment trend in pre-fabricated housing has gained momentum, driven by advancements in technology. These cutting-edge techniques enable the production of superior residential units, surpassing the quality offered by traditional construction approaches. Moreover, the reduced construction time further appeals to prospective homeowners seeking swift occupancy.The efficient nature of pre-fabricated housing, with assembly and finishing completed within a matter of weeks, presents an enticing proposition for investors and homebuyers alike. The units can be seamlessly integrated with water, gas, and sewage networks, ensuring a smooth transition to comfortable living spaces.With Jordan experiencing persistent population growth, the demand for housing solutions has become a top priority. The adoption of modern construction methods aligns with the country's vision for sustainable development and promotes a more efficient and dynamic housing sector.To accelerate the realization of the project, the Ministry of Investment pledges to streamline registration and licensing procedures through its comprehensive service offerings. This initiative aims to reduce bureaucratic hurdles, enabling investors to swiftly establish and commence operations. Furthermore, the project stands to benefit from valuable investment incentives, including customs exemptions and tax reductions as stipulated by the Investment Environment Law. (ICE AMMAN)

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