Industry Chamber Urges Factories to Apply for Transformer Subsidy Program - Jordan News
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Jordan Times
a day ago
- Jordan Times
JCI says building 'promising' partnerships between knitting sector, Saudi Misbah Group
AMMAN — The Jordan Chamber of Industry (JCI) on Monday launched a series of events and qualitative meetings between the leather and knitting industries sector and the Saudi Al Musbah Group. Al Musbah Group is one of the 'most prominent' leading investment groups with a 'strong' presence in the Gulf market, JCI said, noting that these events and meetings, which were attended by a group of local factories operating in the sector, establish "promising" partnerships between the two sides. Such events also contribute to enhancing the Jordanian presence in foreign exhibitions of interest to the sector, especially the (Sourcing as Magic) exhibition held in the US and represented the starting point for this partnership. These events and meetings came with the support of the ITC-MENATEX project, which is implemented in cooperation between the JCI and the International Trade Centre (ITC) and funded by the Swedish International Development Agency (Sida) and the Spanish Agency for International Development Cooperation (AECID). The events and meetings aim at enhancing the competitiveness of the sector through sustainable trade, supporting the transition towards a circular economy, improving environmental performance, increasing exports and enhancing Jordan's presence in international exhibitions. The events included an innovative showcase of the sector's products and field visits to Jordanian factories that demonstrated their 'high production capacity' and commitment to the highest quality standards. This step marks the beginning of sustainable business partnerships that open new markets, support exports, and create job opportunities. The textile and clothing sector in Jordan produces goods worth $2.6 billion annually, exports nearly $2 billion, and provides 96,000 job opportunities, the JCI statement added.
Jordan Times
3 days ago
- Jordan Times
Jordan ranks 1st in competitive industrial index in region — UNIDO
AMMAN — Jordan ranked first in the region for industrial sector contribution to the Gross Domestic Product (GDP) in 2024, according to the Competitive Industrial Performance (CIP) Index issued by the United Nations Industrial Development Organisation (UNIDO). The achievement underscores the "strength" of Jordan's national industry and its capacity to drive sustainable economic growth in line with the goals of the Economic Modernisation Vision (EMV), according to Amman Chamber of Industry (ACI) President Fathi Jaghbir. The announcement was made during the chamber's annual general meeting, held on Wednesday, with Jaghbir highlighting that Jordan's national exports reached a 'historic' high of some JD8.6 billion in 2024, reaching over 145 countries, the Jordan News Agency, Petra, reported. He noted that the industrial sector was the largest contributor to the national economy, accounting for more than 25.7 per cent of the GDP with a value added exceeding JD7.6 billion, reflecting its 'central' role in supporting economic growth. Despite these achievements, Jaghbir pointed to several challenges facing the sector, which could hinder its growth and the attainment of the ambitious targets outlined in the vision. The industrial sector is responsible for nearly one-third of these targets, particularly in stimulating economic growth, creating jobs and attracting investment. Key obstacles include high operational costs, especially energy prices, raw material costs and shipping and transportation fees, which reduce the competitiveness of local products. Production cost gaps between Jordanian industry and competitors in domestic and export markets stand at around 25 per cent, posing a significant barrier to expansion, he added.
Jordan Times
6 days ago
- Jordan Times
JCI issues report on challenges of food industry sector
AMMAN — The Jordan Chamber of Industry (JCI) issued the third report of its reform series "Regulatory Challenges Waiting to be Addressed", which was dedicated to the food, catering, agricultural and livestock industries, one of the sectors most closely related to food security and economic stability. According to a statement issued by JCI, the report comes as a continuation of the institutional approach adopted by the JCI to diagnose the most "prominent" regulatory challenges facing the various industrial sub-sectors, the Jordan News Agency, Petra, reported. Also, the report offers practical solutions in line with the priorities of the Economic Modernisation Vision (EMV), specifically in the item "Unlocking Potential". The report noted that the sector, despite its "strategic" importance, is facing challenges at a time when there is a growing need to expand the production base and enhance reliance on domestic inputs. The JCI stressed that addressing these challenges is a national priority and is in line with the priorities of the EMV and the food security strategy, noting that the solutions proposed in the report do not require new budgets or direct financial support, but rather decisions that enhance local production.
