AMMAN — The
industrial sector accounted for 58.3 percent of
the total investments flowing into the Kingdom and benefiting from the
Investment Law during 2022, according to Fathi Jaghbir, president of the
Jordan Chamber of Industry.
اضافة اعلان
He added that the sector had also witnessed a significant
growth of 9.3 percent during the first quarter of the current year 2023,
compared to the same period last year.
Ranking first in terms of its contribution to the
GDP at
21.7 percent, it also currently employs 268,000 workers, the majority of whom
are Jordanians.
The sector achieved unprecedented results last year, with
industrial production reaching approximately JD7.3 billion and achieving a
growth rate of over 3.2 percent compared to 2021, added Jaghbir.
Leading sector in national economy
The Jordanian industrial sector was one of the leading
sectors in the national economy and made the highest contribution to it,
accounting for nearly one-third of the economic growth in 2022.
It comprises 18,000 establishments across various regions of
the Kingdom, with a registered capital of JD4.6 billion and a total investment
volume approaching $15 billion.
Jordan's industrial exports amounted to JD1.9 billion during
the first quarter of the current year, compared to JD1.75 billion for 2022, the
Jordan News Agency, Petra, reported.
Jaghbir said that Jordanian industrial products have been able
to enter new markets and expand in some traditional markets, including
Switzerland, Ukraine, Romania, Portugal, Senegal, Djibouti, Hungary, Bosnia,
and Herzegovina, in addition to many other markets.
He emphasized that all economic indicators confirm that the
industrial sector is the most capable of attracting investments, generating job
opportunities, and is key to addressing the
unemployment problem.
Jaghbir added: "The current year has witnessed growth
in exports across many industrial sectors, especially in construction materials
and food industries.”
“This is due to the high quality and efficiency of Jordanian
products, which have enabled them to compete in various global markets.”
Jaghbir continued to elaborate on this success, crediting it
to the sector’s continued growth post-pandemic through capitalizing on
opportunity and diversifying their products.
Where to next?
“Since the beginning of this year, with the implementation
of the Economic Modernization Vision, the Jordan Chamber of Industry has been
working diligently to implement all the initiatives, priorities, and programs
presented by the vision for the industrial sector through partnerships with the
public sector," Jaghbir said.
He added that the chamber has been following up on various
industrial issues, particularly in terms of export support and overcoming
obstacles faced by industrialists, in order to increase the industry's
competitiveness and diversify its product base and volume.
The Chamber of Industry is committed to encouraging and
compelling Jordanian industries to rely more heavily on national products than
imported ones, and applying the principle of reciprocity with countries that
impose restrictions on Jordanian exports.
Jaghbir highlighted the ongoing efforts to extend natural
gas to industrial cities and explore the possibility of using renewable energy
sources. Additionally, the implementation of the 100-megawatt solar-power
project is underway.
Just as there is a strong focus of enhancing production,
Jaghbir stressed the importance of enhancing the skills of the workforce in the
industrial sector through increased training rates, and qualifications in
coordination with sector skills councils.
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