Al-Qudah: Raising the price preference for national industry boosts growth and employment.
The decision grants national industries a greater opportunity to benefit from government spending.
اضافة اعلان
Increased demand for local products supports industrial expansion and investment.
Raising the price preference for national products to 20% supports industry and creates job opportunities.
Minister of Industry, Trade, and Supply Yarub Al-Qudah emphasized that the Cabinet's decision to raise the price preference percentage for national industrial products in government tenders to 20 percent reflects the government's commitment to supporting the industrial sector as one of the primary drivers of economic growth and job creation.
Al-Qudah stated that the decision represents a qualitative leap in empowering the national industry and increasing its competitiveness in the local market. By granting Jordanian products a greater opportunity to benefit from government procurement, this decision aligns with the state's directives aimed at enhancing reliance on local production and maximizing added value within the national economy.
He added that the industrial sector possesses advanced production capabilities and accumulated expertise that qualify it to meet the needs of government entities across various technical and engineering requirements. He pointed out that raising the price preference percentage will contribute to expanding the demand base for national products, motivating factories to expand their operations, and increasing their investments.
He noted that the decision holds special significance given the role the industrial sector plays in employing the Jordanian workforce. He explained that the increase in demand for local production will translate into higher employment levels and the creation of new job opportunities, both within factories and in sectors and services linked to industrial activity and local supply chains.
Al-Qudah said that every increase in the share of national products within government spending represents a direct investment in the Jordanian economy, due to its impact on stimulating production, supporting national companies, and enhancing business sustainability. This is in addition to its role in attracting more industrial investments and expanding existing projects.
He stressed that the decision aligns with the goals of the Economic Modernization Vision, which places industry at the forefront of sectors capable of achieving higher growth rates, increasing exports, and providing job opportunities. He indicated that the government is moving forward with measures that enhance the competitiveness of the national industry and support its capacity for growth and expansion.
Al-Qudah concluded that the Ministry, in cooperation with various government entities, will follow up on the implementation of the decision and achieve its desired goals. This will contribute to strengthening the presence of national products in government procurement and consolidating the position of the Jordanian industry as a cornerstone for sustainable economic development.
Al-Mamlaka
