Hyundai Corp. Plans to Build Factory in Jordan
Hyundai Corp. has been pushing for the establishment of production and marketing operations for electronic goods in Jordan to expand its businesses in the Middle East. "President Juhn Myung-hun explained the plan to Jordan’s King Abdullah II in person and asked for support in terms of administration procedures and taxation," a company official said Tuesday.
The firm wants to use Amman, Jordan’s capital, as a bridge to the Middle East market, including war-torn Iraq. Hyundai chose Jordan due to its geographical advantages. Jordan’s king allegedly promised administrative and tax benefits to Hyundai Corp. and supported its move to enter the market of neighboring Iraqi, the company said.
Source: [The Korea Times ]
Jordan is moving on the right path ladies and gentlemn. Good things are bound to happen in the kingdom.