National economy sees overall growth in H1 2023

clothes and textile factory in Jordan
Workers diligently handling clothing production at a textile factory in Jordan. (File photo: Jordan News)
AMMAN Overall national economy indicators have been rising since the beginning of 2023, as national exports soared during the first 5 months by 6.8 percent, recording JD3.415 million.اضافة اعلان

Moreover, number of visitors to the Kingdom during the past 7 months of 2023 achieved "record" levels, reaching 3.7 million tourists, marking an increase of 51.3 percent, compared to the same period last year, Jordan News Agency, Petra reported.

In H1 2023, tourism revenue grew by 59.4 percent, reaching about JD2.45 billion, compared to the same period last year, the data revealed.

Also during H1 2023, foreign direct investment flows to the Kingdom increased by 47.6 percent to reach JD598 million, driven by improvements in investment paths and the introduction of a set of reforms to improve Jordan's business climate, foremost is the new Investment Environment Law.

The data showed that new industrial investments of $850 million were also announced, which would contribute to providing 3,650 new job opportunities for the local workforce.

Meanwhile, industrial exports are expected to reach about $1.2 billion this year.

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