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Jordan News
15-04-2025
- Business
- Jordan News
4.4% Industrial Sector Growth Last Year - Jordan News
The industrial sector achieved real growth of 4.4% last year compared to 2023, contributing 40% of the Kingdom's total economic growth despite regional challenges. اضافة اعلان Eng. Fathi Al-Jaghbir, Chairman of the Jordan Chamber of Industry, said in a statement on Monday that the industrial sector has proven its solid position as a key driver of economic activity and growth in the Kingdom, despite regional changes and unprecedented economic and global pressures. He added that the industrial sector's contributions were not just results, but clear evidence of its resilience, high reputation, and ability to achieve results that exceed expectations. He indicated that industry has become a driving force for the national economy, as it is the foundation and main pillar of the economic modernization vision. He pointed out that this growth was driven by positive developments and remarkable growth in various industrial sectors. The mining sector recorded growth of 5.5%, the manufacturing sector grew by 4.2%, and the electricity and water sector grew by 4.8%. He noted that industrial output, at current prices, reached JD8.6 billion in 2024, directly accounting for 23 percent of the gross domestic product (GDP), making it the highest-contributing economic sector to the national economy as a whole. He explained that the strong performance of the industrial sector stems from the accumulated foundations of years of continuous development, the global reliability of national industry, and its ability to transform challenges into opportunities to enhance production capacities and improve the industrial environment. He expressed his hope that the current year will be more advanced and prosperous for Jordanian industry, amid government attention through optimal implementation of all Economic Modernization Vision initiatives and enhancing its competitiveness, ensuring higher growth rates and maximizing the benefit of potential opportunities in local, regional, and global markets. Al-Jaghbeer pointed out that the contribution of industry to the GDP is due to the 1.4 percent growth in industrial exports last year compared to 2023, reaching a value of more than JD7.8 billion, representing approximately 92 percent of total national exports. Jordan's Industrial Sector Grows by 4.4% in 2024 Jordan's industrial sector recorded a real growth rate of 4.4% in 2024 compared to 2023, contributing to 40% of the country's overall economic growth, according to the Jordan Chamber of Industry. 🗣 Chairman Fathi Al-Jaghbir stated: 'This reflects the industrial sector's resilience and its pivotal role as a driver of Jordan's economy, despite regional instability and global economic challenges.' 📈 Growth by Sector: Mining: +5.5% Manufacturing: +4.2% Electricity & Water: +4.8% 💰 Industrial GDP Contribution: JD 8.6 billion in current prices Represents 23% of Jordan's total GDP The largest contributor among all economic sectors 📦 Industrial Exports: Increased by 1.4% in 2024 Exceeded JD 7.8 billion Accounted for 92% of national exports 🌍 The growth is attributed to: Long-standing industrial development Strong international reputation of Jordanian products Transformation of challenges into opportunities for expansion 🛠️ Al-Jaghbir expressed hope for continued industrial advancement in 2025 through: Effective implementation of the Economic Modernization Vision Enhanced competitiveness Seizing opportunities across local, regional, and global markets
Jordan Times
14-04-2025
- Business
- Jordan Times
Industrial sector grows by 4.4% in 2024
AMMAN — The industrial sector achieved a 'real' growth of 4.4 per cent during the past year compared to 2023, with contribution of 40 per cent to the total economic growth realised in the Kingdom. President of the Jordan and Amman Chambers of Industry Fathi Jaghbir said in a statement on Monday that the 'industrial sector has proven its solid position as a key driver of economic growth in the Kingdom, despite regional changes and unprecedented global economic pressures.' He added that industry has become the backbone of the national economy, as it is the main pillar in the Economic Modernisation Vision. Jaghbir said that the growth was driven by positive developments and noticeable growth across various industrial sectors, with the mining sector recording a growth of 5.5per cent, the manufacturing sector 4.2 per cent, and the electricity and water sector 4.8 per cent. He also said that the industrial output at current prices reached JD8.6 billion during 2024, accounting for 23 per cent of the gross domestic product (GDP) directly, making it the highest-contributing economic sector to the national economy as a whole. He expressed hope that the current year will bring further progress and prosperity for Jordanian industry, especially with the government's focus on the optimal implementation of all initiatives under EMV and enhancing its competitiveness. Jaghbir also pointed out that the industry's contribution to the GDP was supported by a 1.4 per cent growth in industrial exports last year compared to 2023, with their total value exceeding JD7.8 billion, making up around 92 per cent of total national exports.
Zawya
17-03-2025
- Business
- Zawya
Jordan: Industrial exports grow 1.4% in 2024 despite regional challenges
AMMAN: Industrial exports grew by 1.4 per cent to JD7.8 billion in 2024, compared to the previous year, despite regional challenges, according to the Jordan and Amman chambers of industry. Industrial exports accounted for about 92 per cent of total national exports last year, according to foreign trade figures of the Department of Statistics, the Jordan News Agency, Petra, reported on Saturday. The growth and positive performance would not have been achieved without ongoing joint efforts of both government agencies and the private sector to take down barriers to exports, open new markets, and bolster trade with international partners, President of the Jordan Chamber of Industry Fathi Jaghbir said. He said growth was driven by rising exports by four sub-industrial sectors, namely leather and textiles, food and supplies, livestock, medical supplies, plastics, and rubber. The construction and mining industries, packaging, wood and furniture, engineering, and electrical industries dropped, he said. Jaghbir said the US topped the list of importers, followed by Arab and European Union countries, referring to the expansion of Jordanian exports to such European markets as Ukraine, Belgium, Norway, Italy and Finland. He said that exports also expanded to South Korea and Japan, and accessed entirely new markets, such as Myanmar, Latvia, and Luxembourg, underlining the quality of Jordanian products, with exports now reaching more than 146 countries. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
15-03-2025
- Business
- Jordan Times
Industrial exports grow 1.4% in 2024 despite regional challenges
Foreign trade figures by the Department of Statistics show that industrial exports account for about 92 per cent of total national exports last year (File photo) AMMAN — Industrial exports grew by 1.4 per cent to JD7.8 billion in 2024, compared to the previous year, despite regional challenges, according to the Jordan and Amman chambers of industry. Industrial exports accounted for about 92 per cent of total national exports last year, according to foreign trade figures of the Department of Statistics, the Jordan News Agency, Petra, reported on Saturday. The growth and positive performance would not have been achieved without ongoing joint efforts of both government agencies and the private sector to take down barriers to exports, open new markets, and bolster trade with international partners, President of the Jordan Chamber of Industry Fathi Jaghbir said. He said growth was driven by rising exports by four sub-industrial sectors, namely leather and textiles, food and supplies, livestock, medical supplies, plastics, and rubber. The construction and mining industries, packaging, wood and furniture, engineering, and electrical industries dropped, he said. Jaghbir said the US topped the list of importers, followed by Arab and European Union countries, referring to the expansion of Jordanian exports to such European markets as Ukraine, Belgium, Norway, Italy and Finland. He said that exports also expanded to South Korea and Japan, and accessed entirely new markets, such as Myanmar, Latvia, and Luxembourg, underlining the quality of Jordanian products, with exports now reaching more than 146 countries.
