Latest news with #industrialexports
Zawya
11-07-2025
- Business
- Zawya
Jordan's industrial exports rise 8% in first third of 2025
AMMAN — Jordan's industrial exports grew by 8 per cent in the first third of 2025, reaching JD2.5 billion compared with JD2.3 billion during the same period last year, data released by the Jordan Chamber of Industry (JCI) showed on Wednesday. Industrial exports accounted for 93.4 per cent of the Kingdom's total national exports, which stood at JD2.7 billion between January and April, the Jordan News Agency, Petra, reported. The export coverage ratio, reflecting the extent to which exports cover imports, reached 39.2 per cent for industrial goods, while total national exports covered 42 per cent of imports during the same period. JCI reported that industrial exports hit their highest level for this time of year in recent years. The strongest monthly growth was recorded in February, with exports climbing 18 per cent to JD648 million, compared with JD549 million in February 2024. Eight of 10 industrial sub-sectors saw an increase in exports. Chemical industries led all sectors with JD575 million in exports, followed by the garments and leather sector at JD527 million and engineering and electrical products at JD505 million. Other key export figures included mining industries with JD329 million, food and supply industries with JD307 million, plastics and rubber with JD56 million, packaging and paper products with JD46 million, and construction materials with JD46 million. Meanwhile, two sectors recorded declines, where exports of pharmaceuticals and medical supplies dropped 8 per cent to JD168 million, while wood and furniture exports declined 9 per cent to JD12 million. Jordan's leading industrial exports during the period included clothing, nitrogen-based and chemical fertilisers, phosphate, jewellery, pharmaceutical products, and other chemical goods. In terms of export destinations, Arab countries ranked first, receiving JD1.142 billion worth of industrial exports. North America followed with JD728 million, and South Asia with JD300 million. Exports to the European Union totalled JD140 million, followed by East Asia with JD110 million, non-Arab African countries with JD56 million, and South America with JD10 million. The US was the top single-country importer of Jordanian industrial goods, receiving JD701 million worth of exports. It was followed by Saudi Arabia with JD337 million, Iraq with JD273 million, the UAE with JD90 million, China with JD76 million, Palestine with JD53 million, and Egypt with JD52 million. The industrial sector comprises some 18,000 production facilities across the country, including 16,200 craft establishments and 1,800 larger industrial plants. The sector collectively manufactures more than 1,500 products across various industries. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Zawya
16-06-2025
- Business
- Zawya
Oman's industrial exports rise 8.6% to over $4bln in Q1
Muscat – Oman's industrial exports rose sharply by 8.6% during the first quarter of 2025, reaching RO1.618bn, compared to RO1.49bn during the same period in 2024, according to the latest statistics released by the National Centre for Statistics and Information (NCSI). The NCSI data indicated that Omani industrial exports have experienced significant expansion across several regional markets, reflecting the growing presence of Oman's industrial sector on the regional trade map. Saudi Arabia recorded a robust 28.3% increase in its imports of Omani industrial products, reaching RO259mn – highlighting the strong economic ties between the two countries and the increasing demand for Omani goods in the Saudi market. In a statement to the Oman News Agency, Mazin bin Humaid al Siyabi, Assistant Director General of the Directorate General of Industry at the Ministry of Commerce, Industry and Investment Promotion, explained that the rapid growth in Omani industrial exports in recent months represents tangible evidence of the success of the ministry's industrial policies. 'These policies focus on diversifying export markets, improving production efficiency, enhancing the competitiveness of Omani products, achieving economic diversification goals, and building a resilient industrial base capable of adapting to global changes,' he said. Commenting on the growing trade between Oman and Saudi Arabia, Nasra bint Sultan al Habsi, Director General of Trade at the Ministry of Commerce, Industry and Investment Promotion, stated that the rise in trade between the two countries is a direct result of sustained bilateral cooperation and reflects the increasing economic integration across various sectors. She explained that the Economy, Trade and Industry Committee, an offshoot of the Omani-Saudi Coordination Council, has been committed, since its inception, to addressing trade-related challenges, standardising customs procedures, facilitating land transit at border crossings, and electronically linking the trade systems of both countries. 'These efforts have significantly contributed to improving the flow of goods and services and boosting commercial traffic through the Rub' al-Khali border crossing, which has become one of the key emerging arteries of trade between the two nations.' Nasra added that Saudi Arabia has become Oman's second-largest trading partner in the Gulf, amid rising aspirations for deeper industrial and commercial integration in the near future. She noted that Oman welcomes increased Saudi investment, particularly in special economic zones and free zones, which offer advanced infrastructure and competitive investment incentives. This is in line with the alignment of the strategic objectives of Oman Vision 2040 and Saudi Vision 2030. Siyabi highlighted that recent months have seen increased momentum in coordination and engagement between industrial sector officials in both countries. This has been reflected in a series of meetings, mutual visits, specialised workshops, and networking events for investors and entrepreneurs. He added that these initiatives have directly contributed to expanding areas of industrial cooperation, particularly in priority sectors such as manufacturing, advanced technologies, and supply chains. He pointed out that this new dynamism in industrial relations reflects the alignment of strategic visions between Oman and Saudi Arabia, adding that the shared emphasis on developing the industrial sector as a cornerstone of economic diversification is a promising strategy – one whose results are already evident in the growth of Omani industrial exports to Saudi Arabia and other regional markets. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Zawya
16-06-2025
- Business
- Zawya
Omani industrial exports to Saudi Arabia increase by 28.3%
Muscat: Omani industrial exports recorded an 8.6% growth in the first quarter of 2025, reaching OMR 1.618 billion, compared to OMR 1.490 billion during the same period in 2024. According to data released by the National Centre for Statistics and Information in May 2025, Omani industrial exports have expanded significantly across various regional markets, reflecting the growing presence of Omani industries on the regional trade map. Notably, Saudi Arabia's imports of Omani industrial products surged by 28.3%, reaching OMR 259 million, reaffirming the strong economic ties between the two nations and the increasing demand for Omani goods in the Saudi market. Nusra bint Sultan Al-Habsi, Director-General of Trade at the Ministry of Commerce, Industry, and Investment Promotion, highlighted that the accelerated trade exchange between Oman and Saudi Arabia is a direct result of ongoing cooperation, underscoring the deepening economic integration across various sectors. She explained that the Economic, Trade, and Industry Committee of the Omani-Saudi Coordination Council has worked consistently since its inception to address trade exchange challenges, unify customs procedures, and facilitate land transportation through border crossings. Additionally, it has focused on linking commercial systems electronically between the two countries, enabling the seamless flow of goods and services while enhancing trade movement through the Rub' Al Khali border, which has become a vital new artery for commerce between the two nations. Speaking to Oman News Agency (ONA), she revealed that the committee is currently working on various initiatives, including cooperation in intellectual property, e-commerce, anti-monopoly regulations, and export development between Oman and Saudi Arabia. Efforts are also underway to strengthen industrial and investment partnerships through regular meetings between the private sectors of both countries and the organization of joint economic forums, focusing on promising opportunities in manufacturing industries, renewable energy, supply chains, and food security. She further noted that Saudi Arabia is now Oman's second-largest GCC trade partner, with future aspirations pointing toward deeper industrial and trade integration. Oman welcomes more Saudi investments, particularly in special economic zones and free zones, which offer advanced infrastructure and competitive investment incentives, fostering greater collaboration in alignment with the strategic objectives of Oman Vision 2040 and Saudi Vision 2030. Meanwhile, Mazin bin Hamid Al-Siyabi, Assistant Director-General of Industry at the Ministry of Commerce, Industry, and Investment Promotion, emphasized that recent months have witnessed growing momentum in coordination and engagement between industrial sector officials in both nations. This has been evident in a series of meetings, exchange visits, specialized workshops, and direct engagements between investors and entrepreneurs. Speaking to ONA, he stated that these efforts have expanded areas of industrial cooperation, particularly in priority sectors such as manufacturing, advanced technologies, and supply chains, while helping to identify promising investment opportunities and develop joint industrial initiatives aimed at enhancing competitiveness and localizing technical expertise, thereby reinforcing industrial integration between Oman and Saudi Arabia. He pointed out that this new dynamic in industrial relations reflects the alignment of visions between the two nations. The shared focus on industrial sector development as a pillar for economic diversification has proven to be a successful strategy, with its impact now visible in the growth of Omani industrial exports to Saudi Arabia and other regional markets. Al Siyabi concluded that the accelerated growth of Omani industrial exports in recent months serves as a tangible indicator of the success of industrial policies pursued by the ministry. These policies prioritize export market diversification, improved production efficiency, enhanced competitiveness of Omani products, and the achievement of economic diversification goals, fostering a resilient industrial base capable of adapting to global shifts. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
14-06-2025
- Business
- Times of Oman
Oman's industrial exports to Saudi Arabia rise by 28.3%
Muscat: Omani industrial exports recorded an 8.6% growth in the first quarter of 2025, reaching OMR1.618 billion, compared to OMR1.490 billion during the same period in 2024. According to data released by the National Centre for Statistics and Information in May 2025, Omani industrial exports have expanded significantly across various regional markets, reflecting the growing presence of Omani industries on the regional trade map. Notably, Saudi Arabia's imports of Omani industrial products surged by 28.3%, reaching OMR259 million, reaffirming the strong economic ties between the two nations and the increasing demand for Omani goods in the Saudi market. Nusra bint Sultan Al-Habsi, Director-General of Trade at the Ministry of Commerce, Industry, and Investment Promotion, highlighted the accelerated trade exchange between Oman and Saudi Arabia is a direct result of ongoing cooperation, underscoring the deepening economic integration across various sectors. She explained that the Economic, Trade, and Industry Committee of the Omani-Saudi Coordination Council has worked consistently since its inception to address trade exchange challenges, unify customs procedures, and facilitate land transportation through border crossings. Additionally, it has focused on linking commercial systems electronically between the two countries, enabling the seamless flow of goods and services while enhancing trade movement through the Rub' Al Khali border, which has become a vital new artery for commerce between the two nations. Speaking to Oman News Agency (ONA), she revealed that the committee is currently working on various initiatives, including cooperation in intellectual property, e-commerce, anti-monopoly regulations, and export development between Oman and Saudi Arabia. Efforts are also underway to strengthen industrial and investment partnerships through regular meetings between the private sectors of both countries and the organisation of joint economic forums, focusing on promising opportunities in manufacturing industries, renewable energy, supply chains, and food security. She noted that Saudi Arabia is now Oman's second-largest GCC trade partner, with future aspirations pointing towards deeper industrial and trade integration. Oman welcomes more Saudi investments, particularly in special economic zones and free zones, which offer advanced infrastructure and competitive investment incentives, fostering greater collaboration in alignment with the strategic objectives of Oman Vision 2040 and Saudi Vision 2030. Meanwhile, Mazin bin Hamid Al-Siyabi, Assistant Director-General of Industry at the Ministry of Commerce, Industry, and Investment Promotion, emphasised that recent months have witnessed growing momentum in coordination and engagement between industrial sector officials in both nations. This has been evident in a series of meetings, exchange visits, specialised workshops, and direct engagements between investors and entrepreneurs. Speaking to ONA, he stated that these efforts have expanded areas of industrial cooperation, particularly in priority sectors such as manufacturing, advanced technologies, and supply chains, while helping to identify promising investment opportunities and develop joint industrial initiatives aimed at enhancing competitiveness and localising technical expertise, thereby reinforcing industrial integration between Oman and Saudi Arabia. He pointed out that this new dynamic in industrial relations reflects the alignment of visions between the two nations. The shared focus on industrial sector development as a pillar for economic diversification has proven to be a successful strategy, with its impact now visible in the growth of Omani industrial exports to Saudi Arabia and other regional markets. Al Siyabi concluded that the accelerated growth of Omani industrial exports in recent months serves as a tangible indicator of the success of industrial policies pursued by the ministry. These policies prioritize export market diversification, improved production efficiency, enhanced competitiveness of Omani products, and the achievement of economic diversification goals, fostering a resilient industrial base capable of adapting to global shifts.
Times of Oman
14-06-2025
- Business
- Times of Oman
Omani industrial exports to Saudi Arabia increase by 28.3%
Muscat: Omani industrial exports recorded an 8.6% growth in the first quarter of 2025, reaching OMR 1.618 billion, compared to OMR 1.490 billion during the same period in 2024. According to data released by the National Centre for Statistics and Information in May 2025, Omani industrial exports have expanded significantly across various regional markets, reflecting the growing presence of Omani industries on the regional trade map. Notably, Saudi Arabia's imports of Omani industrial products surged by 28.3%, reaching OMR 259 million, reaffirming the strong economic ties between the two nations and the increasing demand for Omani goods in the Saudi market. Nusra bint Sultan Al-Habsi, Director-General of Trade at the Ministry of Commerce, Industry, and Investment Promotion, highlighted that the accelerated trade exchange between Oman and Saudi Arabia is a direct result of ongoing cooperation, underscoring the deepening economic integration across various sectors. She explained that the Economic, Trade, and Industry Committee of the Omani-Saudi Coordination Council has worked consistently since its inception to address trade exchange challenges, unify customs procedures, and facilitate land transportation through border crossings. Additionally, it has focused on linking commercial systems electronically between the two countries, enabling the seamless flow of goods and services while enhancing trade movement through the Rub' Al Khali border, which has become a vital new artery for commerce between the two nations. Speaking to Oman News Agency (ONA), she revealed that the committee is currently working on various initiatives, including cooperation in intellectual property, e-commerce, anti-monopoly regulations, and export development between Oman and Saudi Arabia. Efforts are also underway to strengthen industrial and investment partnerships through regular meetings between the private sectors of both countries and the organization of joint economic forums, focusing on promising opportunities in manufacturing industries, renewable energy, supply chains, and food security. She further noted that Saudi Arabia is now Oman's second-largest GCC trade partner, with future aspirations pointing toward deeper industrial and trade integration. Oman welcomes more Saudi investments, particularly in special economic zones and free zones, which offer advanced infrastructure and competitive investment incentives, fostering greater collaboration in alignment with the strategic objectives of Oman Vision 2040 and Saudi Vision 2030. Meanwhile, Mazin bin Hamid Al-Siyabi, Assistant Director-General of Industry at the Ministry of Commerce, Industry, and Investment Promotion, emphasized that recent months have witnessed growing momentum in coordination and engagement between industrial sector officials in both nations. This has been evident in a series of meetings, exchange visits, specialized workshops, and direct engagements between investors and entrepreneurs. Speaking to ONA, he stated that these efforts have expanded areas of industrial cooperation, particularly in priority sectors such as manufacturing, advanced technologies, and supply chains, while helping to identify promising investment opportunities and develop joint industrial initiatives aimed at enhancing competitiveness and localizing technical expertise, thereby reinforcing industrial integration between Oman and Saudi Arabia. He pointed out that this new dynamic in industrial relations reflects the alignment of visions between the two nations. The shared focus on industrial sector development as a pillar for economic diversification has proven to be a successful strategy, with its impact now visible in the growth of Omani industrial exports to Saudi Arabia and other regional markets. Al Siyabi concluded that the accelerated growth of Omani industrial exports in recent months serves as a tangible indicator of the success of industrial policies pursued by the ministry. These policies prioritize export market diversification, improved production efficiency, enhanced competitiveness of Omani products, and the achievement of economic diversification goals, fostering a resilient industrial base capable of adapting to global shifts.
