Jordan has an opportunity to achieve $ 21 billion in profit in 7 years if it enters the train manufacturing market, Board Chairman of the Italian BLUE Group Eng. Mohammed Eid said.

In a statement to Jordan News Agency, Petra, he said Jordan has a major opportunity to benefit from $ 450 million-projects that have been announced by Gulf countries for the next seven years.

Eid said a consortium of 8 Italian companies voiced readiness to establish a train factory in Jordan as soon as possible, noting that the volume of investments in this sector over the next 7 years stand at $ 140 billion in Saudi Arabia, $ 120 billion in Dubai, $ 100 billion in Qatar and $ 100 billion in Iraq.

"If Jordan gets 5 percent of the value of Gulf investments, it will achieve a profit of $ 21 billion over the next 7 years," the official said, noting that the train factory will create 10,000 job opportunities in Jordan.