Foursan Group has acquired a 60% stake in New Vision for Electronics and Electrical Appliances, a leading distributor of LG Electronics in Jordan, to capitalize on the growth potential in the country's electronics market.

Information on the Target

New Vision for Electronics and Electrical Appliances, established in 2010, serves as the official agent and distributor of LG Electronics in Jordan. The company not only engages in distribution but also operates a manufacturing facility where it assembles various product lines for LG, enhancing its operational efficiency and market presence.

In recognition of its outstanding service, New Vision was awarded the title of Best Performer at the 2023 LGE MEA Distributors Service Conference, achieving the top position among 42 participating centers. This accolade highlights the company's commitment to excellence in retail and distribution within the electronics sector.

Industry Overview in Jordan

The electronics and electrical appliances industry in Jordan plays a significant role in the country's economic landscape, driven by increasing consumer demand and