AMMAN —
The head of the bloc which won the
Amman Chamber of Industry (ACI) elections,
Fathi Al-Jaghbir, said on Sunday that reducing production costs and eliminating
bureaucracy will help attract investments to Jordan. He called for the creation
of an “industrial development bank”, according to Al-Mamlaka TV.
اضافة اعلان
Jaghbir said that the biggest barrier to investment
in Jordan is the high cost of production. On the other hand, the Kingdom’s
monetary policy, and its security and stability, are all encouraging factors
for an investor.
Jaghbir also pointed to high transportation costs,
which increase the financial burden for industrialists, as do energy costs and
the cost of borrowing. He added that opportunities now exist in most sectors,
except those that need too much energy or water.
He drew attention to the lack of trained labor in
certain sectors, which, according to him, is also an impediment, in addition to
the reluctance of some Jordanians to work in certain sectors.
Jaghbir said that industrial development is one of
the most important solutions to the challenge of unemployment, adding that
Jordan has a great chance of being a fairly industrialized country capable of
absorbing a large number of workers.
He added that Jordan has “great” infrastructure as well as
qualifying industrial zones, and that the industrial city of Qastal is one of
the best industrial cities, especially after the rehabilitation of the roads.
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