Jordan News | Latest News from Jordan, MENA
August 19 2022 4:40 AM ˚
e-paper Subscribe Sign in My Account Sign out

Industrial sector leads 2021 economic growth — JCI head

jordan chamber of industry
(Photo: Jordan chamber of industry)
  • +
  • -
AMMAN — Head of the Jordan Chamber of Industry Fathi Al-Jaghbir said that the industrial sector led the growth of the national economy in 2021, with its contribution of about 28 percent of the total GDP growth, according to Ad-Dustour.اضافة اعلان

Jaghbir said on Sunday that the industrial sector has the ability to adapt and grow as one of the most important economic sectors.  He added, "Over the last nine months of 2021, the sector achieved 2.9 percent growth, despite the continuing consequences of the COVID 19 pandemic on various activities which confirms its ability to deal with challenges."

He pointed out that the industrial sector was a pioneer in economic growth, achieving a contribution of 0.60 percent, adding that the industrial sector provides about $9 billion annually as revenue from exports, which make up about 92 percent of the country’s total exports.

He highlighted to a study prepared by the Central Bank which showed that every dinar spent in the industrial sector contributes directly and indirectly to the national economy by JD 2,166, meaning that the contribution of the industrial sector to the national economy amounts to about 44 percent due to its interdependence with other economic sectors.

Jaghbir stressed the need to support the industrial sector as a key pillar in meeting the needs of the local market and support to development and sustainability, as well as its capability to generate work opportunities and attract investments.

Read more Business