Alrai - The head of the Jordan Chamber of Industry, Engineer Fathi Al-Jaghbir, expected that this year will be a year to unleash the capabilities of the Jordanian industry locally and abroad, benefiting from the incentives package provided by the government to the industrial sector, especially directed to support exports and reduce production costs.

In a statement to the Jordan News Agency (Petra), Al-Jaghbir affirmed that the incentives are "positive" and came at a time when the Jordanian industry needs them as revitalizing measures that revitalize the various economic sectors, especially the industrial sector.

He said that stimulating the industrial sector by reducing the costs of producing and supporting its exports will be reflected on citizens on one side and on various other economic sectors on the other hand, explaining that the low prices of industrial products contribute to increasing purchasing power in the local market, and raising the competitiveness of industrial products internally and externally, What means more production and job creation for the Jordanian labor force?

He pointed out that the tax incentives system directed specifically to small and medium industries, carries with it a number of tax incentives for the industrial sector in the event that it applies a number of conditions, including raising the rates of employment of Jordanian workers and the employment of women and people with disabilities, pointing out that this in itself will inevitably be reflected in reducing poverty rates And unemployment.

He stressed that the industrial sector is considered the most prominent economic sector that engages Jordanian workers and creates new job opportunities for youth, noting that incentives will contribute to motivating the private sector to create new job opportunities and sustain employment.

He pointed out that the export incentives system will directly contribute to increasing the growth rate of industrial exports due to direct financial support to the exporting facilities during the past year and by 3 percent of the total value of exports, to increase this percentage to 5 percent during the current year 2020 over the total value of the increase in Exports in 2019.

He said, that industrial exports, which constitute more than 90 percent of national exports, achieved promising results last year with more than 10 percent growth. Therefore, these results can be built upon and multiplied more through this support, which is directly reflected on the export prices and thus raising competitiveness in international markets. .

Al-Jaghbir stressed the need of the industrial sector for more revitalization measures, which in turn will inevitably be reflected in the performance of the national economy, and the improvement of various economic and social indicators.

The President of the Chamber indicated that the industrial sector has achieved positive results over the past years despite the internal and external conditions and challenges that beset it, pointing out that the sector employs approximately 253,000 workers and workers, making up about 21 percent of the size of the workforce in the Kingdom, in addition to being one of the sectors most providing reserves Jordan's foreign currency is about 9 billion dollars annually.

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