Industry sector major attractor of investment flows to Jordan — JCI

AMMAN — The industry sector accounted for 60  per cent of the total investment flows that are benefitting from the Investment Law during the first half of 2022, according to the Jordan  Chamber of Industry (JCI). 

The JCI, in a statement cited by the Jordan News Agency, Petra, on Saturday, said the investments in the industry sector during the first half of the year totalled JD243 million, including 122 ventures. 

Chairman of the JCI Fathi Jaghbir said that these figures show that the industry sector is capable of leading economic growth, attracting investments and generating jobs. 

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

The industry sector accounted for 94 per cent of the JD105-million foreign investment flows during the first half of this year, while the sector accounted for nearly 50 per cent  of all domestic investments, he said.

He added that the new industrial ventures have created more than 7,000 jobs, accounting for 72 per cent of the total jobs created through the Kingdom’s investments, highlighting that the manufacturing industry ranks first when it comes to job creation.

On average, around 55 jobs have been created per a single manufacturing project, while other sectors’ projects generated some 32 jobs.