Investor planning auto manufacture investments in Jordan

AMMAN — An investor is currently planning to invest in automobile manufacturing in Jordan, according to President of the Amman and Jordan Chambers of Industry Fathi Al-Jaghbir. اضافة اعلان

"(The industrial) sector is important,” said Jaghbir. “It’s a key player that accounts for a quarter of GDP. And there is still capacity to do a lot more in the sector.”

While “clear” challenges face the sector, he said that there is “potential — and not at a great financial cost — to support the sector, first of all in production costs.”

“We are able to progress to using alternative energy, and the government promised a project to deliver Egyptian gas to industrial areas to save over 60 percent for factories and productive inputs,” he said.

Furthermore, an increase in exports is reflecting positively on employment and “bringing in hard cash”, Jaghbir noted. Based on studies, “for every two billion (dinars) of additional exports, we make around 80,000 new job opportunities.”


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