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 US$2M with 5-year recoupment term for building of a factory of silicone gel. The schedule for building of the enterprise is 10-14 months, and its customer is NAVITAS Engineering & Management Consultant. Besides,US$ 4M will be raised with a 4 year investment recoupment period for construction of a soda silicate and potash silicate factory. Construction will take place at the same time and the customer is the same. Another US$ 21M with recoupment term of 7 years is raised for construction of a glass container factory with construction term 14-18 months and its customer is also NAVITAS. The largest project, however, is the construction of a float glass plant with a total investment of US$ 222,469,763, of which 35% is drawn as a loan and 65% as equity stakes of the shareholders. This plant will produce 700/tpd and the customer is PRO Group Consulting. Interested parties may contact the Ministry's Inter-State Economic Relations Department by phone: +962-6-4006622.
