The industrial sector is one of the most promising sectors in Jordan due to the number of industrial cities and areas of development concerned with the support of medium and small industries many of which benefited from the free trade agreements Jordan has.
The Jordanian industrial sector consists mainly of "manufacturing industries" sector, "extractive industries" sector and "electricity and water" sector, and due to its forward and backward links with many sectors such as transport, insurance, trade, and others, it is concluded that this sector is playing a greater role to directly or indirectly contribute to about 40% of GDP.
- The highest contributor to Jordan’s GDP in 2017; contributing over 24% with 18,000 registered industrial companies, and employing more than 240,000 employees.
- Promising industries include extractive industries which include the extraction of calcium carbonate, which is used in the cement industry, building stones, ornamental stones silicates and the glass industry, oil shale and basalt, phosphate and many minerals In addition to Metal manufacturing industries, which include fertilizers, chemical acids, cement, ceramic, plastic materials, rock wool and silica brick.
- The Country’s location, supported with by free trade agreements (FTAs) offering Access to 1.5bn consumers in 160 countries. For more details, please click here. (Abdulla Qudah)
- A strong labor force derived from almost 25% (45,584) of the student population studying subjects directly related to the sector – engineering, town planning and architecture courses (official 2014 Statistics).
Industrial Estates offer integrated infrastructure needed to attract investment and services and to maximize the opportunities to benefit from regional and international agreements signed by Jordan. In addition to the Free Zones also play a major role in attracting local and foreign capitals in the form of investments in the different economic activities in addition to enhancing the leading role of the private sector in setting up private and joint free zones which use local raw materials in production inputs.
- The volume of industrial exports reached 91% from the total national exports, the major exports directed to USA, Saudi Arabia, Iraq, India, UAE and Indonesia.
- The University of Jordan & the Jordan University of Science & Technology both have research centers and institutes active in advanced engineering, including the Hamdi Mango Center for Scientific Research, and the Nanotechnology Center.
- A Competitive tax environment - a corporate tax rate of 20% and 14% for industrial activities. Besides, an attractive incentives package: From total income tax exemption in Free zones for export to reduced corporate income tax of 5% in development zones and exemption of customs duties and sales tax. For more information click here. (Abdulla Qudah)
- Technology transfer Expansion of building stones (travertine)
- Glass manufacture and silicon manufactured from silica.
- Copper and uranium.
- Mineral exploration projects – phosphate, copper, uranium
- Oil Shale extraction for direct combustion power plants
- Copper mining and processing
- Uranium exploration / proving and processing