AMMAN — Jordan’s Economic Modernization Vision proposed attracting three leading international companies specializing in engineering industries to establish a market for local companies and prepare detailed economic feasibility studies on fast-growing engineering products, according to the Jordan News Agency, Petra.
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It also proposed establishing a research, development, and innovation center that focuses on engineering industry solutions with high potential, added value, and opportunities for commercial utilization. Additional goals include speeding up the solutions of the Fourth Industrial Revolution and enhancing cooperation between the industrial design, communications, information technology, and supply sectors.
Moreover, the vision states that marketing engineering products must be carried out in the local and international markets, in addition to launching a specialized educational program (Engineering Academies) and drawing up detailed national plans and a roadmap for investment in the sector.
The sector contributed JD199 million to the Gross Domestic Product (GDP), according to last year’s estimates, constituting 5 percent of the industry contribution, creating jobs for 10,000 people, and exporting around JD200 million worth of products.
The vision highlighted the importance of enhancing the sector to become a specialized and active entity in creating engineering solutions that could be used to shape high-quality skills and benefit from many engineering qualified experts.
The “Made in Jordan" trademark must be upgraded to access the global market, focusing on products with high success potential, including the building and construction systems, in addition to adopting innovative ideas derived from other experts and expanding their scope in Jordan, the vision suggested.
The engineering industries currently make up 5 percent of the industrial sector's GDP, and 14.1 percent of its exports, making it an emerging sub-sector, despite the abundance of engineers in various fields in Jordan.
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