Amman,- The Kingdom's chemical and cosmetics industries sector is a "major" driver of innovation and sustainability within the national economy, as a main priority and high-value industry in the Economic Modernization Vision (EMV).
اضافة اعلان
The sector covers 79% of the local market size, as many of its products achieved "full self-sufficiency" during Covid-19 pandemic crisis, especially detergents, sterilizers and disinfectants, while its products are sold in 112 markets globally.
In a statement to "Petra" Saturday, the sector's representative in Jordan Chamber of Industry (JCI), Ahmed Al-Bas, said the chemical and cosmetics industry is a "major" pillar of Jordan's industries and a "main" supplier to meet the local market's needs.
Al-Abas added that most products have become in direct contact with citizens' lives through end-use items, mainly detergents, sterilizers, disinfectants, cosmetics and others.
The sector, he noted, plays an "important and strategic" role in the national economy and has "diverse and large" production capabilities to meet needs of the local market with the required quality and quantities and "significantly" doubling its export levels.
Furthermore, he stated the sector has "always successfully" addressed the various crises that faced Jordan, which has the components to meet the Kingdom's needs for "strategic" goods of basic chemical materials to a "large" extent.
The EMV aims to raise the added value of the sector's contribution to the gross domestic product by 7% annually, or about JD0.8 billion during the coming years, from JD0.6 billion in 2021 to about JD1.4 billion in 2033, he pointed out.
Al-Abas indicated that the EMV also aims to enhance employment levels in the sector by creating more than 23,000 full-time job opportunities in the coming years and increasing its exports by 11.4% to reach JD5.4 billion in 2033.
To achieve these goals, he remarked the EMV has launched several initiatives to advance the sector to "higher" levels, mainly establishing a chemical industries complex.
Under the EMV, he noted a research, development and innovation center for the Kingdom's potash and phosphate value chain and commercial exploitation opportunities will be launched, while building a detailed strategy for manufacturing various potash and phosphate products.
