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Jordan News
20 hours ago
- Business
- Jordan News
Qudah: A Thriving Jordan Requires a Strong Private Sector and ...
اضافة اعلان Amman – Minister of Industry, Trade, and Supply Eng. Yarub Qudah stated that building a prosperous and advanced Jordan requires a strong economy supported by a resilient private sector across all its branches—industry, tourism, services, and trade. During his sponsorship in Amman yesterday for the launch of the National Strategy for the Jordanian Management Consulting Sector (2025–2028), he emphasized that a robust private sector necessitates planning for development and qualification, enhancing competitiveness, and strategic measures to penetrate foreign markets and better market Jordanian affirmed that establishing a strong private sector also demands facilitative regulations, high-level expertise, and superior managerial efficiency, in addition to leveraging management consulting to re-qualify the private sector on solid also pointed to other pillars essential for building a prosperous Jordan, including a qualified, streamlined, and modern public sector with an advanced government workforce aligned with the state's mission and global best the significance of the management consulting sector, Qudah described it as a fundamental economic lever due to the high value-added it offers. He noted that Jordan has previously contributed to building advanced administrative systems in several countries and must now reclaim that role to support the domestic and regional regional challenges, Qudah remarked that they have opened genuine opportunities since many neighboring countries urgently require development across various sectors—where the management consulting sector can play a pivotal newly launched strategy provides an integrated framework to empower the sector to compete effectively and establish a comprehensive plan to assist it in exporting, viewing this as a real battle to achieve economic growth beyond the limits of local stressed that the Ministry bears the responsibility for supporting the management consulting sector and guiding it in implementing the national strategy to fulfill its goals of boosting the national economy and creating quality job opportunities for added that political parties in Jordan also need management consulting to transition from an election focus to genuine contributions to nation-building and achieving advanced political life. Hence, the importance of this sector also lies in the high added value it provides.'The pride of Jordan lies in its high education level,' he declared. 'These outcomes require quality jobs that can absorb skilled Jordanians and offer them high-level positions—and this sector is best suited to create such opportunities.'Khalil Haj Tawfiq, Chairman of the Jordan and Amman Chambers of Commerce, commented that the strategy launch directly responds to His Majesty King Abdullah II's Economic Modernisation Vision (2023–2033). It reflects a national commitment to solidifying the services sector—especially consulting—as a key pillar in building a more efficient and competitive economy capable of supporting innovation and absorbing qualified national talent. He described the consulting sector as strategic, highly flexible, and knowledge-driven, crucial for exporting expertise, supporting export growth, and knowledge-based emphasized the sector's capacity to absorb university-educated youth and provide a flexible work environment that encourages creativity and excellence, contributing to reducing high unemployment that business services exports—including consulting—exceeded $200 million in 2019, Haj Tawfiq highlighted significant opportunities for doubling these numbers by developing the sector, expanding its presence in regional and international markets, and establishing modern legislative and regulatory environments and a national database to support planning and new national strategy sets clear, realistic goals, including improving the legislative and regulatory framework, enhancing the competitiveness of Jordanian firms, expanding their external operations, and preparing a robust implementation plan with performance indicators, precise timeframes, and annual reviews to ensure flexibility and responsiveness to affirmed that the Jordan Chamber of Commerce will continue working with all government partners, the private sector, and relevant institutions to translate this strategy into tangible results—improving the business environment, boosting economic competitiveness, and reinforcing the Kingdom's position as a regional hub for professional and consulting Rifai, Chair of the Higher Steering Committee for the Management Consulting Sector and Vice Chairman of the Chamber representing the services and consulting sector, described this initiative as a qualitative shift aligned with accelerated economic and administrative changes. It establishes a new phase of competitiveness and business environment strengthening in the added that management consulting is the backbone of institutional development and a primary driver for performance improvement—helping shape strategies, design modern systems, manage change efficiently, and develop leadership capable of facing confirmed that the services and consulting sector is a foundational component of the Economic Modernisation Vision, offering expertise in strategic planning, efficient resource management, and best global outlined the strategy's four main pillars:Enhancing local competencies and expertise via advanced training and qualification the business environment through supportive regulatory and legislative new markets for Jordanian consulting firms and exporting administrative digital innovation in line with modern economic Jordan hosts 2,963 companies and sole proprietorships in management consulting, accounting for 30% of the total number in the sector, which consists of 9,877 such the launch event, Rana Al-Akhal, Vice Chair of the Higher Steering Committee for the Management Consulting Sector, presented the strategic plan and its objectives: organizing the sector according to global standards, providing related data, enhancing competitiveness, supporting sector growth in local and export markets, and helping develop the legislative environment through policies and decisions that protect sector enterprises and foster their growth.
Jordan News
6 days ago
- Business
- Jordan News
Tender Announced for the Purchase of Wheat - Jordan News
Amman – The Ministry of Industry, Trade, and Supply announced on Wednesday the launch of a tender to purchase 100,000–120,000 tons of wheat. In a statement, the ministry invited interested parties to visit the Tenders Department to obtain a copy of the tender invitation, which includes terms and specifications, for a non-refundable fee of 650 Jordanian dinars. The deadline for submitting bids is 2:00 PM next Tuesday. اضافة اعلان The ministry requires bidders to provide a copy of a valid professional license, a certified copy of the commercial register not older than 30 days from the tender opening date, and a valid chamber of commerce registration certificate. – (Petra)
Ammon
11-08-2025
- Business
- Ammon
Jordan, Uzbekistan discuss expanding economic cooperation
Ammon News - Minister of Industry, Trade, and Supply Yarub Qudah on Monday discussed with Uzbek Minister of Investment, Industry, and Trade Laziz Kudratov ways to enhance bilateral cooperation, particularly in the economic field. According to a Ministry statement, the two sides underscored the depth of historical relations between Jordan and Uzbekistan and stressed the importance of building upon them to broaden cooperation in various sectors, especially non-traditional ones, to diversify trade partnerships and strengthen private sector ties in both countries. The two ministers agreed to establish a joint committee to explore cooperation opportunities, coordinate efforts, and follow up on joint projects. Qudah highlighted Jordan's investment advantages, its access to regional and international markets, and its potential role as a gateway for the reconstruction of Syria and the expansion into regional markets, supported by bilateral and multilateral free trade agreements. He pointed to prospects in pharmaceuticals, clothing and textiles, exports to the US market, and industrial integration in extractive industries such as phosphates, potash, and fertilizers, as well as tourism, sports, digital services, and video game development. He stressed the need to pursue rapid gains through integrated projects, particularly in clothing, jewelry, and fertilizers, leveraging the industrial base and natural resources of both countries. For his part, Kudratov underlined Uzbekistan's interest in deepening economic cooperation with Jordan, noting that the Kingdom could be a gateway to Middle Eastern and African markets, while Uzbekistan could serve as a hub for the Eurasian Union. He outlined potential cooperation in pharmaceuticals, apparel for European and American markets, automotive and home appliances, information technology, and agriculture, emphasizing the need to ease visa procedures and boost tourism exchange.
Daily News Egypt
10-08-2025
- Business
- Daily News Egypt
Egypt, Jordan kick off expert-level meetings for joint committee in Amman
Preparatory meetings for the 33rd session of the Egyptian-Jordanian Joint Committee began at the expert level in Amman on Sunday, as the two countries seek to advance their bilateral relations amid regional and global challenges, Egypt's planning ministry said. The expert-level meetings will be followed by ministerial preparatory meetings, co-chaired by Egyptian Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, and Jordanian Minister of Industry, Trade, and Supply, Yarub Falah Al-Qudah. The Joint Higher Committee will then convene, co-chaired by the prime ministers of both countries. Al-Mashat said the committee's regular convening emphasises the strength of relations and the keenness of both governments to achieve tangible progress. 'The Egyptian-Jordanian Joint Committee is the oldest and the most regular of the Arab committees, and reflects the mutual keenness to advance relations in various fields between the two brotherly countries,' she said in a statement. The committee's agenda includes numerous topics of mutual interest, with a focus on economic, investment, and trade relations, as well as food and energy security. The discussions will also cover small and medium-sized enterprises and the situation of Egyptian labour in Jordan. Since the committee's first session in 1985, more than 173 joint cooperation documents have been signed across all priority areas, the ministry said. The Ministry of Planning, Economic Development, and International Cooperation oversees approximately 55 joint committees between Egypt and various countries. In 2024, it held meetings of joint committees with Romania, Jordan, Tajikistan, Poland, and Uzbekistan, followed by the first session of the Egyptian-Swiss Joint Committee in 2025.
Jordan News
05-08-2025
- Business
- Jordan News
Jordan Secures Strategic Trade Advantage in U.S. Market Amid Global Tariff Revisions - Jordan News
Jordan has emerged with a new competitive edge in the U.S. market following recent global tariff adjustments, thanks to proactive economic diplomacy and long-standing strategic trade relations with the United States. اضافة اعلان Despite new tariffs imposed by the U.S. on imports from 69 countries, Jordanian exports have largely been shielded from steep increases. The Kingdom retained one of the lowest applied tariff rates, a development experts consider a significant diplomatic and economic win. Economic analysts agree that Jordan's ability to mitigate the impact of the new U.S. customs policy presents a valuable opportunity to expand its market share. The outcome reflects the success of coordinated efforts by Jordanian institutions, including the Ministry of Foreign Affairs and the Ministry of Industry, Trade, and Supply, to preserve favorable trade terms. "The newly imposed tariffs on Jordanian goods are among the lowest globally, which underscores the strength of our trade policy and commitment to maintaining a competitive economy," said Hamdi Tabbaa, President of the Jordanian Businessmen Association. "This will ease the burden on the private sector and help maintain price stability." Tabbaa emphasized the importance of continued dialogue between the public and private sectors to monitor the long-term implications of the new policy and maintain the sustainability of Jordan's export momentum. Muath Al-Saaydeh, CEO of Pine Tree, a major Jordanian exporter to the U.S., described the reduced tariff level as a notable achievement. "Despite the global changes, Jordanian products are still subject to a 15% rate, and many goods remain at zero tariff thanks to the U.S.-Jordan Free Trade Agreement," he said. Signed in 2000 and implemented in 2001, the agreement offers full customs exemptions for most Jordanian exports, particularly in the textile sector, one of the Kingdom's most prominent export industries. Al-Saaydeh added that the continued enforcement of the free trade agreement means new tariffs are only partially applicable and will not affect the baseline zero-duty rate for covered goods. Samer Judeh, Chairman of the American Chamber of Commerce in Jordan, said the chamber is actively working with Jordanian companies to help them capitalize on the new conditions. "The changes give Jordan a strategic opening to enhance its role in U.S. supply chains and attract foreign investment aimed at export production," he noted. Tayseer Younis, Vice President of the Jordanian-American Business Council, echoed this sentiment, emphasizing that Jordan's relatively low tariff impact compared to other countries is a clear signal of its deep and enduring trade relationship with the U.S. He called for a national task force to craft a strategic roadmap for maximizing the benefits of the trade agreement, encouraging joint ventures with American and Asian companies, and positioning Jordan as a gateway for regional and international manufacturing and distribution. "The new tariff system can turn Jordan into a preferred production base," Dr. Younis said. "With modern logistics and digital supply chain management, we can build flexible, efficient trade routes linking Asia, Europe, and the Americas through Jordan." According to Ihab Qadri, Representative of the Leather and Garment Sector at the Jordan Chamber of Industry, the revisions particularly benefit the apparel and leather sectors. "Jordan's competitive advantage lies not only in tariff preferences but also in product quality and stable trade relations with the U.S.," he said. Qadri warned that global customs schedules are dynamic and require close coordination between the government and industrial stakeholders to maintain responsiveness and protect market gains. Economist Hussam Ayesh estimates the new tariff reductions have cut Jordan's export-related duties to the U.S. from JOD 442 million to JOD 320 million, a savings of over JOD 110 million. He noted that the transition from a quota-based system to a competitive tariff regime could further enhance Jordan's export competitiveness, particularly in textiles. "This is a chance to strengthen Jordan's economic flexibility and create more jobs," Ayesh said. "The U.S. remains one of our most successful export markets, and with smart policy, we can turn global shifts into sustainable national gains."
