Amman: Jordan Chamber of Industry President Fathi Jaghbir met with a ministerial delegation from Uzbekistan, led by Minister of Investment, Industry and Trade Laziz Kudratov, to discuss the expansion of economic and investment cooperation between the two countries.
According to Jordan News Agency, Jaghbir highlighted the promising nature of economic and trade ties between Jordan and Uzbekistan, noting that the meeting could pave the way for cooperation across various sectors. He identified potential growth opportunities and emphasized the significance of building a mutually beneficial partnership. Jordan is capable of meeting Uzbekistan’s needs in sectors such as chemicals, pharmaceutical components, and electrical devices. Jaghbir underlined the industrial sector’s role as a key pillar of Jordan’s economy, contributing over 25 percent of GDP and providing employment for about 20 percent of the workforce.
Jaghbir further stated that the industry sector is crucial for growth and job creation, with over 60 percent of total investments in Jordan directed towards industry over the past decade, reflecting investor confidence. He added that industrial exports constitute more than 92 percent of Jordan’s total exports, reaching over 145 markets globally with more than 1,400 different products.
Minister Kudratov acknowledged the significant opportunities for cooperation and advocated for strengthening the economic partnership between Jordan and Uzbekistan. He mentioned investment prospects in the mining and automotive industries, infrastructure, and gas transport, as well as Uzbekistan’s investment in green infrastructure within the electricity sector. Kudratov also invited Jordanian companies to participate in the development of construction and civil engineering projects, emphasizing the potential for collaboration.
Kudratov noted that foreign investment in Uzbekistan has increased substantially, from $4.4 billion to $35 billion, with numerous new industrial projects underway. He highlighted Uzbekistan’s status as one of the largest producers of gold and silver, with substantial reserves of copper, iron ore, and other metals.