The Jordanian industry records a real growth rate of 3.8%

The Jordanian industry records a real growth rate of 3.8%

Eng. Fathi Al-Jaghbir, the head of the Amman Chamber of Industry, claimed that since the start of 2022, the Jordanian industry has demonstrated an exceptional level of performance and has realised a real growth rate of 3.8% in comparison to the same period last year, with exports totaling about 3 billion dinars.
“This value exceeds the sector’s contribution to the growth of GDP 29, making it the greatest value in recent memory.

5%, “Al-Jaghbir, as stated by the Jordanian News Agency (Petra), stressed that the industrial sector is a leader of the economic growth wheel.
He explained that the next stage will witness a great focus on increasing the share of Jordanian industry products in global markets, especially not traditional, stressing that “this will be with the top of priorities.

In order to increase the industry’s commodity and geographic diversification and lessen its dependence on traditional markets, he continued, “The focus will be on the markets of countries in Europe, Latin America, and East Asia.” He implied that this would be accomplished by stepping up efforts to develop industrial products through research and development.

He emphasised that the Chamber’s Board of Directors would seek to strengthen the industrial voice in order to address the sector’s concerns and will collaborate with diverse organisations in order to remove the barriers and hurdles that industrial enterprises must face in their daily operations.

He said that through a comprehensive strategy aimed at advancing industrial development and improving the business environment through action plans that are consistent with the goals of the vision of economic modernization, the council will seek to increase employment and employment rates as well as the competitiveness of the industrial sector.

He noted that the next phase will see increased and diverse exports of goods and services, a reduction in production costs, protection of the national product, an increase in the number of workers and operating rates, and the availability of finance, grants, and industrial rooms.

Jordanian business experiences a 3.8% actual growth rate.

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