Industry sector

The industry sector is the main magnet for investment flows to Jordan — JCI | Company

Ammon News – The industrial sector accounted for 60% of total investment flows benefiting from the investment law in the first half of 2022, according to the Jordanian Chamber of Industry (JCI).

The JCI, in a statement quoted by the Jordanian news agency, Petra, said on Saturday that investments in the industrial sector during the first half of the year amounted to 243 million JD, including 122 companies.

JCI President Fathi Jaghbir said these figures show that the industrial sector is capable of leading economic growth, attracting investment and creating jobs.

Jaghbir called for supporting the sector by injecting incentives, especially those related to the production of raw materials to enhance food and economic security and maintain the stability of the legislative environment.

The industrial sector accounted for 94 percent of the JD 105 million inflow of foreign investment in the first half of this year, while the sector accounted for nearly 50 percent of all domestic investment, he said.

He added that the new industrial enterprises have created more than 7,000 jobs, accounting for 72% of the total jobs created through the Kingdom’s investments, pointing out that the manufacturing industry ranks first in terms of job creation.

On average, about 55 jobs were created for a single manufacturing project, while projects in other sectors generated about 32 jobs.