AMMAN: Minister of Industry, Trade and Supply, Maha Ali, said Jordan has managed to achieve positive economic indicators despite difficult political circumstances in the Middle East.
During the opening of the forum of economic and trade attaches at Arab and foreign embassies in the Kingdom, Ali stressed that Jordan, in the last decade, has achieved remarkable economic progress, and carried out reforms in the business environment under the leadership of His Majesty King Abdullah II.
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She said the Gross Domestic Product (GDP) grew by 3.1 percent over the past year, compared to 2.8 percent in 2013, predicting a similar growth rate this year. During the forum organized by the Jordan Chamber of Industry, the minister noted the low inflation rate of 1.1 percent during the first four months of this year and the central bank reserves reaching nearly $13.6 billion.
Ali pointed out that Jordan has a modern and well-connected infrastructure, trained and competitive labor force, active banking sector, vital telecommunications networks and information technology sector and industrial development zones that were able to accommodate a wide variety of industrial activities.
She also mentioned the Jordan 2025 development blueprint, which represents a national strategy and a long-term vision that paves the way for the future and determines the integrated general framework for economic and social policies, based on providing opportunities for all an+d promoting the rule of law, equal opportunities and enhancing participatory approach in policy-making.
