Summary
Al Mimari, established in 1979, specializes in the production of UPVC windows and doors known for their heat and sound insulation properties. Recognized as a leading producer in the Middle East and the seventh globally for their specific UPVC products, the company has recently expanded to Mafraq with the support of a Royal initiative that offers various incentives to boost local employment and export capabilities.
Investment Thesis
Al Mimari represents a strategic investment opportunity due to its market dominance and recent expansion into Mafraq. The company’s ability to leverage incentives provided by the Royal initiative, such as tax exemptions and operational support, enhances its competitive edge. Investment in Al Mimari will support further growth in export capacities and local workforce integration, particularly through the new facility in Mafraq. The company’s established market presence and potential for increased production capacity underscore its attractiveness for investors.
Refugee Impact
Al Mimari’s expansion into Mafraq includes a commitment to local employment, which will likely include refugees. The new facility prioritizes hiring at least 150 Jordanians from the Umm Al Jimal district, and with a multinational workforce, there is potential for significant refugee employment. As the factory grows and workforce training advances, the integration of refugees into the local economy is expected to enhance their livelihoods and contribute to community development.
Management
Mr. Jafar, Deputy – General Manager and Manager of Production.