Nairobi:The Ministry of Industry, Trade, and Supply, in collaboration with the Jordan Chamber of Industry, has introduced three strategic plans for the period 2027-2029 aimed at enhancing the engineering, food, and chemical industries, including cosmetics.
According to Jordan News Agency, the ministry announced that these strategies offer frameworks for implementing sectoral development by specifying priorities, initiatives, projects, performance indicators, and measurable targets to boost economic growth, exports, investments, and employment.
These strategies were developed with input from the Jordan Chamber of Industry and support from the Economic Reform Program, which provided local expertise and facilitated consultations with industrial sector representatives and relevant stakeholders.
The plans are designed to improve productivity, competitiveness, innovation, research and development, attract high-value investments, develop workforce skills, expand exports, and enhance access for Jordanian products to both regional and international markets.
For the engineering sector, the strategy emphasizes expanding high-value manufacturing and employment opportunities, particularly in metal products and electrical equipment, while promoting investment and fixed-capital formation.
In the food industry, the focus is on enhancing manufacturing efficiency, productivity, and product development, coupled with measures for food security and sustainability, aiming to improve market access and value addition.
The chemical industries and cosmetics strategy aims to increase production of specialized and high-value products, expand exports, and support innovation and development efforts.
Furthermore, the strategies address the readiness of industrial facilities to meet environmental and sustainability requirements in global markets, specifically those related to the European Union's Carbon Border Adjustment Mechanism (CBAM).
The ministry highlighted that each strategy includes an implementation plan, key performance indicators, and governance, monitoring, and evaluation mechanisms to track projects and assess their economic impact. Continued coordination between the public and private sectors, along with other stakeholders, will be essential for successful implementation.