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Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Jordan's economic growth up to 3.1 percent: Minister

Friday, June 12, 2015 > 09:03:33
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(Petra)

Jordan's economy grew at a rate of 3.1 percent this year, up from last year's 2.8 percent, overcoming the challenges that the commercial sector faced, Minister of Industry and Trade, Maha Ali, said Thursday.

The minister noted the royal directives and government policies as drivers for growth, which immensely helped local and foreign investors to overcome all difficulties.


During an inspection visit to Al-Hussein bin Abdullah II Industrial City, Karak Chamber of Commerce and Civil Service Consumer Corporation markets in Karak, some 130km south of Amman, the minister said the new investment law has put in place certain procedures and encouraged investment in Al-Hussein Industrial City.

She pointed out that Jordan Enterprise Development Corporation (JEDCO) has implemented 56 development projects in Karak in the past six years and the Governorates Development Fund has implemented 21 projects at a cost of JD14 million, adding that there is a plan to invest in solar energy to bring down the energy expenditure in the Kingdom.

Ali called upon the competent authorities to cooperate in controlling food supplies and make provision for the demand during the holy month of Ramadan, noting the importance of communication between the ministry of trade and the chambers of commerce in that regard.


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