Industry & Retail
From The Report: Jordan 2016
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Jordan’s industrial sector continues to grow, with phosphates and potash, chemicals and pharmaceuticals, and textiles and garments all seeing expansion in both net profits and volume in 2015. That these segments have grown in the face of global economic headwinds and in a region directly affected by major geopolitical tensions demonstrates the sector’s resilience and ability to adapt. The government, which sees the sector as vital to the kingdom’s long-term development plans, has also been actively helping manufacturers and heavy industry through incentives and promotional campaigns, support that looks set to continue strengthening. Meanwhile the retail sector has shown consistent growth in recent years, with its contribution to GDP reaching JD1.13bn ($1.6bn) in 2015, up from JD11.4bn ($15.5bn) in the previous year, or around 10% of the total.