Amman - The 1st National Industry and Investment Conference kicked off on Monday, drawing participants from both the public and private sectors to discuss the future of Jordan’s industrial landscape.
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In opening remarks, Minister of Industry, Trade, and Supply Youssef Shamali underscored the industrial sector's contribution to the national economy, noting that the sector contributes about 24 percent of GDP and boasts exports that span over 150 markets, totaling more than JD7 billion.
Shamali said the industrial sector is a key magnet of foreign capital, accounting for over 60 percent of the total inflow and employing nearly 20 percent of the labor workforce. He detailed government initiatives to bolster the sector, including addressing bureaucratic procedures, digitizing inspection processes and reducing work permit fees across various economic sectors.
Additionally, plans are underway to establish natural gas delivery stations in industrial zones, aiming to cut production costs for investors, he added.
Underscoring the government's commitment, Shamali pointed to the Industry Support and Development Fund, which provides non-refundable financial contributions to industrial enterprises of all sizes. This initiative is intended to lower production cost, improve competitiveness in the domestic market and facilitate access to new markets, he said.
The minister also spotlighted the National Export Strategy to enhance the export capabilities of Jordanian companies and boost their competitiveness through e-commerce solutions. Looking ahead, Shamali outlined a vision for the Jordanian industry over the next five years that underlined integration, high value added manufacturing, job creation and sustainability.
He stressed the need for product diversification and synergies between different production activities, and highlighted the importance of technology and innovation, stressing that high-value products are key to economic resilience and creating job opportunities.
On environmental impact, Shamali reiterated Jordan’s commitment to sustainable and green production practices that are aligned with global efforts to tackle climate change.
Also addressing the conference, Nedal Khazaleh, head of Altaj News, emphasized its role in advancing the national industrial and investment sectors, noting its positive impact on public welfare and economic development.
The conference includes multiple sessions focused on various aspects of the industrial sector and investment landscape in Jordan and insights from government officials, private sector representatives and industry experts.
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