Saudi Paper to Build 25 Million Dinars Jordan Plant, Al Rai Says

Saudi Paper Manufacturing Co. (SPM) signed an agreement to invest 25 million dinars ($35.3 million) in a new company to produce paper products in Jordan, Al Rai said.

The factory will be built in an area covering 13,500 square meters south of Amman, the newspaper said, citing Amer Majali, director general of Jordan Industrial Estates Corp. which runs six industrial zones in the kingdom.

To contact the reporters on this story: Mohammad Tayseer through the Amman newsroom at nrazzouk2@bloomberg.net; Nayla Razzouk in Amman at nrazzouk2@bloomberg.net.

To contact the editor responsible for this story: Riad Hamade at rhamade@bloomberg.net.

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