By : JD News Desk
Jordan Daily – President of the Jordan and Amman Chambers of Industry Fathi Jaghbeer praised King Abdullah’s support for the industrial sector, saying it has created tens of thousands of jobs and grown to 18,000 establishments since the King assumed power.
Speaking during Prime Minister Jafar Hassan’s inauguration of the third Jordanian Industry Day, Jaghbeer said Jordan’s industry has shifted from traditional production to innovation-driven manufacturing, rising in the UN Industrial Development Organisation’s Industrial Competitiveness Index.
He noted the sector contributes about 25% to GDP – the highest in the region – and accounted for 40% of economic growth last year. Medium- and high-tech industries now make up 25% of total value added, up from 10%, while investments in artificial intelligence, renewable energy, and non-traditional export markets in Asia, Africa, and Latin America continue to grow. Exports have reached more than 150 markets, up 39% since the COVID-19 pandemic.
Jaghbeer highlighted the sector’s social impact, including a 40% decline in foreign labour, 30% female participation, and rising youth employment. Around JD 2 billion in new industrial investments have benefited from the Investment Law in the past three years.
He said industrial firms led growth on the Amman Stock Exchange, rising 42% and representing nearly 40% of market value. The sector, he added, is entering “a new phase of smart manufacturing and green transformation,” targeting a 20% energy import reduction by 2030 and one million new jobs by 2033.
