AMMAN – The President of the Chambers of
Industry of Jordan (
JCI) and Amman (
ACI), Engineer Fathi Al-Jagheer, confirmed that the
industry continues to be the most attractive economic sector for local and
foreign investments, thanks to the high level of confidence it enjoys reaching
a total capacity value of JD18 billion.
اضافة اعلان
According to Hala News, Jagheer stated that
the
industrial sector achieved the highest value of total investments
benefiting from the Investment Environment Law from the beginning of the
current year until the end of last September, reaching around JD565 million
dinars, accounting for 64 percent of the total investments in various economic
sectors.
It is noteworthy that the
volume of investments benefiting from the Investment Environment Law in the Kingdom has increased
by 34 percent since the beginning of the current year until the end of last
September, reaching about 879 million dinars, compared to 657 million dinars
for the same period last year.
He further stated, "This also confirms
that the industrial sector possesses investment potentials and attractive
incentives, reflecting the intensive efforts made during the past period."
Regarding the economic performance during the
current year, Jagheer mentioned that the national economy achieved a growth
rate of 2.74 percent during the first half of 2023 compared to the same period
last year, despite facing some challenges. The industrial sector ranked first
in terms of its economic contribution, accounting for 21.5 percent, driven by
the positive performance of its indicators.
He emphasized that the
industrial sector has
many untapped opportunities estimated at around 4.4 billion dollars, focusing
on fertilizer products valued at one billion dollars, chemical industries at
726 million dollars, textiles at 560 million dollars, pharmaceutical industries
at 461 million dollars, and mineral resources at 328 million dollars.
Jagheer also stressed the need to expedite the
gas pipeline project to various cities and industrial zones to reduce costs,
enhance competitiveness, and promote sustainable development, alternative
energy, and investment in renewable energy. This aims to achieve energy
independence and environmental sustainability, along with providing incentives
to attract more local and foreign investments.
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