Complex Made Simple

Jordan’s economy grows 3.1 per cent

JEDCO has executed 56 development projects in Karak

Jordan’s economy grew by 3.1 per cent in 2015, up from 2014’s 2.8 per cent growth, a senior official reports.

Jordan’s Minister of Industry and Trade, Maha Al Ali, says, “Thanks to royal directives and government policies, the commercial sector managed to overcome the challenges it faced.”

The statements were made during an inspection visit by the minister to Al-Hussein bin Abdullah II Industrial City, the Karak Chamber of Commerce and the Civil Service Consumer Corporation markets in Karak. Al Ali explains that the new investment law has set some procedures and regulations to encourage investment in order to provide job opportunities to citizens of different provinces and increase local labour rates in industrial cities, Petra reports.

The minister adds that the Jordan Enterprise Development Corporation (JEDCO) has executed 56 development projects in Karak in the past six years, and the Governorates Development Fund has executed 21 projects at a cost of JD14 million, adding that there is a plan to invest in solar energy to reduce energy expenditure in Jordan.

On another note, the minister urges traders to cooperate with authorities in controlling food supplies and providing the necessary goods during the holy month of Ramadan, stressing the importance of communication between the Ministry of Trade and the Chambers of Commerce in this matter.