Industry Minister Highlights Progress in Economic Modernization Vision

Amman: Minister of Industry, Trade and Supply Yarub Qudah stated that the Economic Modernization Vision provides an integrated framework for advancing the economy and boosting growth. Qudah mentioned that the Ministry has completed several strategic projects and initiatives under the Vision’s executive program, including a new industrial policy, an export strategy, and a trade policy.

According to Jordan News Agency, work is underway to finalize projects related to e-commerce, both to stimulate and regulate the sector, with an e-commerce system expected to be completed before the end of this year. Qudah emphasized that these projects were prepared in partnership with the private sector, which chairs the sectoral committees, underscoring its role in driving economic development.

Qudah noted that economic indicators during the first nine months of 2025 reflect the resilience of the national economy, with a growth rate of 2.8 percent during the first half of the year, exceeding the projected 2.2 percent. National exports rose by 8.5 percent during the first eight months of 2025, mostly industrial exports, reflecting diversified products and expanded market access.

Efforts to establish new export markets, particularly in Africa, are ongoing, with negotiations with Rwanda for a trade preference agreement and another agreement planned with Kazakhstan to expand access to Asian markets. Domestic exports to Syria increased by more than 400 percent during the first half of 2025, driven by efforts to boost intra-trade and activate the Jordanian-Syrian Joint Free Zone, which recorded a 100 percent rise in investment.

Qudah also mentioned ongoing efforts to increase exports to Arab markets, particularly Iraq, and to European markets by simplifying rules of origin. Cargo handling at the Port of Aqaba rose by 33 percent. The Industrial Support Fund has benefited 631 companies so far, with JD65 million allocated over the past year and a half to strengthen the industrial sector.