EDAMA Press

Executive Lunch: Foreign Direct Investments in Maximizing Jordan’s Indigenous Energy Resources

November 17, 2019
Others
Executive Lunch: Foreign Direct Investments in Maximizing Jordan’s Indigenous Energy Resources

Executive Lunch: Foreign Direct Investments in Maximizing Jordan’s Indigenous Energy Resources

EDAMA association was glad to have hosted an executive lunch with Al Attarat Energy, one of EDAMA members. The lunch was held on 12 November 2019, Tuesday. Where significant matters were discussed regarding the contribution of foreign investments in maximizing indigenous energy resources.

In the beginning, Mr. Joseph Tan – Attarat Energy Chairman, introduced Attarat, then explained the story behind the project, which will lead to generating electricity using Oil Shale. Mr. Tan also focused on how Oil Shale was spotted and then planned to be utilized to generate electricity by mid-2020. Suffice to mention that this investment will reach up to $2.2 billion

EDAMA vice-chairman Mr. Samer Judeh further confirmed the importance of energy independence. Mr. Judeh also mentioned the attractive investment market Jordan is well known for as Jordan was able to receive large investments that will contribute to a greener economy.