ICD approves $20m Islamic finance package to expand Jordan’s non-woven fabrics production
In an update published via Africa Newsroom, ICD announced a USD 20 million Shariah-compliant medium-term facility to help expand a Jordan-based non-woven fabrics manufacturer with new Spunlace technology.
The release says the expansion supports products used in hygiene items and healthcare PPE, tying industrial financing to public-health supply resilience and local job creation.
It’s another example of development finance leaning into “practical manufacturing”—projects that can plug into regional supply chains quickly if demand is stable.
ICD’s official announcement describes the facility as “USD 20 million” to expand capacity using advanced equipment. ICD’s LinkedIn post similarly frames it around “job creation” and industrial growth.
Echotitbits take:
The key risk is demand cycles—PPE and hygiene inputs can be volatile. Watch for offtake agreements, export announcements, and whether the new line secures long-term contracts beyond the initial expansion phase.
Source: Zawya — January 2, 2026 — https://www.zawya.com/en/press-release/companies-news/uae-headquartered-future-food-foundry-makes-landmark-investment-in-nextgen-farms-and-sustenir-group-jkinjmwo
Zawya 2026-01-02
Photo Credit: Zawya
