While Jordan's exports to Saudi Arabia are witnessing steady growth within the framework of mutual economic relations, an industrial delegation, accompanied by Minister of Industry, Trade and Supply Youssef Al-Shamali, begins a working visit today to Saudi Arabia, including several cities, to discuss opportunities to enhance cooperation.

The head of the Jordan Chamber of Industry, Eng. Fathi Al-Jaghbir, said that "the visit of the industrial delegation to the sisterly Saudi neighbor, which will last for 6 days, comes within the strategic plans implemented by the Chamber to open new export horizons for the national industry and to strengthen trade relations with the countries of the region."

Jaghbir said in a statement to "Al-Ghad" that the Saudi sister is one of the important markets that are being looked at to increase the flow of national products, especially as it is the second largest trading partner of the Kingdom, noting that the delegation includes more than 50 companies working in various industrial sectors.

He explained that the visit includes Riyadh, Dammam, Jeddah and Makkah, where bilateral meetings will be held between industrial companies and Saudi traders, in addition to meetings with heads and members of the chamber's councils in those regions to discuss opportunities for cooperation, establish joint projects and strive to achieve economic integration between the two countries.

The head of the chamber pointed out that meetings will also be held with Saudi officials to emphasize the importance of strengthening economic and trade relations between the two countries, overcoming any obstacles that prevent this and achieving common interests.

Jaghbir indicated that the visit will include the signing of 4 memoranda of cooperation between the Amman Chamber of Industry and each of the Riyadh Chamber of Commerce, the Jeddah Chamber of Commerce, the Eastern Province Chamber of Commerce and the Makkah Chamber.

The memoranda of cooperation also include exchanging investment opportunities, encouraging the visit of economic delegations, and cooperating in organizing economic events and forums in both countries.

Jaghbir stressed the importance of facilitating the access of Jordanian businessmen to entry visas to the territories of the Kingdom of Saudi Arabia through letters of recommendation issued by the chambers of industry.

He pointed out that Saudi investments in the Kingdom amounted to about $13 billion, concentrated in the sectors of transportation, infrastructure, energy, the financial and commercial sector, and tourism construction. Significant expansion of intra-trade.

The latest public statistics figures show an increase in the value of national exports to Saudi Arabia during the first eleven months of last year by 28% to reach 670.2 million dinars, compared to 522.3 million dinars compared to the same period last year, noting that Jordan's exports rose in the year 2020 compared to the year 2019. To 576 million dinars compared to 549 million.

Jordanian exports to Saudi Arabia are concentrated in a wide range of products, including pharmacy, cardboard, vegetables, fruits, food products, livestock and detergents. There are about 17,000 industrial establishments in the Kingdom, with an investment volume estimated at 15 billion dinars, providing about 254 thousand job opportunities, while the industry’s contribution to the gross domestic product reaches 24.7%, not to mention that it is the most important sector in the Kingdom’s foreign exchange reserves, with the It is estimated at $9 billion annually.

The industrial sector also produces 1,500 commodities, while the industry's share reaches 46% in the local market and 17 billion dinars in the total existing production, while each dinar of production provides the treasury with about 9 piasters in the form of taxes.

Industry also constitutes 93% of the total national exports, while the number of commodities that were exported is about 1,400 commodities, reaching 142 countries around the world.

A report issued by the Jordan Chamber of Industry indicated that there are untapped export opportunities estimated at about $4.4 billion in various products and international markets that would achieve 130 thousand job opportunities in their investment.

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