The industrial sector in Jordan showcased significant growth, contributing 21.7% to the GDP in the first quarter of 2024. Industrial production reached JD10.435.6 million in the first six months, with initiatives like the Industrial Support Fund program and the approval of the 2024 Drug Testing Regulation aimed at boosting the sector.
Efforts to enhance the pharmaceutical industry, including securing global competitiveness, building accreditation for pharmaceutical laboratories, and formulating guidelines for laboratory tests, are well underway. Additionally, the Productivity and Cost Competitiveness Improvement Project seeks to automate processes and streamline operations in the pharmaceutical sector.
The textiles industry is also receiving support, with a project in collaboration with the International Finance Corporation to enhance the sector and integrate vocational skills training. The Industrial Observatory’s second phase is focusing on data and strategy development for manufacturing sectors.
Progress in the trade sector includes linking the price observatory with relevant databases and updating e-commerce regulations. The government is committed to fostering economic development and innovation across various industries in Jordan.