Jordanian industries reach 140 countries

Minister of Industry, Trade, and Supply Yousef Al-Shamali. (Photo: Twitter)
Minister of Industry, Trade, and Supply, Yousef Al-Shamali. (File photo: Jordan News)
AMMAN – On Tuesday, the Minister of Industry, Trade, and Supply, Yousef Al-Shamali, unveiled the expansive footprint of Jordanian industries, which have made significant inroads into 140 countries worldwide. اضافة اعلان

During a meeting with media representatives, Shamali underscored the global reach of Jordan's industrial prowess, noting that certain Jordanian products have even found their way to the US, Al-Mamlaka TV reported.

Highlighting specific achievements, Shamali pointed to the installation of air conditioning systems at Los Angeles International Airport (LAX), proudly of Jordanian origin. Notably, air conditioning systems utilized by the National Aeronautics and Space Administration (NASA) and Yahoo! also hail from the Jordanian industry. These accomplishments underscore the diverse contributions of Jordanian industries across sectors, including pharmaceuticals and various manufacturing domains.

Emphasizing the pivotal role of the Ministry of Industry, Shamali stressed its direct and indirect impact on the lives of citizens. He highlighted the evolution of the Jordanian industrial sector, which now stands as a cornerstone of the national economy, contributing a substantial 25 percent to the GDP.

Revealing insights into strategic reserves, Shamali disclosed that the Central Bank's reserves stand at approximately $6-6.5 billion, predominantly sourced from returns generated by the industrial sector. Furthermore, he noted a remarkable growth in the number of establishments in Jordan, which surged from 4,000 in 1999 to 18,000 in 2022.

Discussing the commercial landscape, Shamali pointed to approximately 120,000 establishments in Jordan, underlining the impact of the Free Trade Agreement (FTA) with the US. Exports, which stood at JD10 million in 1999, have skyrocketed to $2.3 billion today.

Shamali highlighted a significant expansion of storage capacity from 490,000 tonnes in 1999 to 2 million tonnes for wheat and barley reserves. He also shed light on the presence of 15 mills and around 2,200 bakeries in Jordan.

Shamali further elaborated on regional initiatives involving Jordan, Egypt, and Iraq, as well as trilateral collaborations with the UAE, Egypt, and Jordan, which have now expanded to include Bahrain and Morocco. These initiatives, centered around industrial integration for sustainable development, have gained traction, especially in light of global challenges like the COVID-19 pandemic and the Russian invasionof Ukraine.

Addressing the business environment, Shamali highlighted a surge in individual establishments from 214,000 in 2000 to 731,000 today, alongside an increase in companies from 43,000 to 183,000. He reiterated the government's stance on fostering a conducive business environment without restrictions on private sector activities related to imports or exports between different ports.

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