AMMAN – On Tuesday, the Minister of
Industry, Trade, and Supply,
Yousef Al-Shamali, unveiled the expansive
footprint of Jordanian industries, which have made significant inroads into 140
countries worldwide.
اضافة اعلان
During a meeting with media
representatives, Shamali underscored the
global reach of Jordan's industrial prowess, noting that certain Jordanian products have even found their way to
the US, Al-Mamlaka TV reported.
Highlighting specific achievements, Shamali
pointed to the installation of air conditioning systems at
Los Angeles International Airport (LAX), proudly of Jordanian origin. Notably, air
conditioning systems utilized by
the National Aeronautics and Space Administration (NASA) and
Yahoo! also hail from the Jordanian industry. These accomplishments
underscore the diverse contributions of Jordanian industries across sectors,
including
pharmaceuticals and various manufacturing domains.
Emphasizing the pivotal role of the
Ministry of Industry, Shamali stressed its direct and indirect impact on the
lives of citizens. He highlighted the evolution of the Jordanian industrial
sector, which now stands as a cornerstone of the national economy, contributing
a substantial 25 percent to the
GDP.
Revealing insights into strategic reserves,
Shamali disclosed that the Central Bank's reserves stand at approximately
$6-6.5 billion, predominantly sourced from returns generated by the industrial
sector. Furthermore, he noted a remarkable growth in the number of
establishments in Jordan, which surged from 4,000 in 1999 to 18,000 in 2022.
Discussing the commercial landscape,
Shamali pointed to approximately 120,000 establishments in Jordan, underlining
the impact of
the Free Trade Agreement (FTA) with the US. Exports, which stood
at JD10 million in 1999, have skyrocketed to $2.3 billion today.
Shamali highlighted a significant expansion
of storage capacity from 490,000 tonnes in 1999 to 2 million tonnes for wheat
and barley reserves. He also shed light on the presence of 15 mills and around
2,200 bakeries in Jordan.
Shamali further elaborated on regional
initiatives involving Jordan, Egypt, and Iraq, as well as trilateral
collaborations with the
UAE, Egypt, and Jordan, which have now expanded to
include Bahrain and Morocco. These initiatives, centered around industrial
integration for sustainable development, have gained traction, especially in
light of global challenges like the
COVID-19 pandemic and
the Russian invasionof Ukraine.
Addressing the business environment,
Shamali highlighted a surge in individual establishments from 214,000 in 2000
to 731,000 today, alongside an increase in companies from 43,000 to 183,000. He
reiterated the government's stance on fostering a conducive business
environment without restrictions on private sector activities related to
imports or exports between different ports.
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