Jordan is engineering the joints of its economy and launching strategic projects to achieve sustainable growth

The economic bulletin of the Jordan News Agency within the economic file of the Federation of Arab News Agencies (FANA)

Amman, June 3 / WAM / The Jordanian economy is moving steadily towards strengthening its steadfastness in the face of the difficulties and tensions existing in the region, based on the engineering of its joints, and continuing to implement the economic modernization vision, which is considered a national, cross-governmental project “2022-2033”.

Since the beginning of this year, Jordan has witnessed a positive and balanced economic movement that includes the investment, employment and foreign trade sectors, which are three main engines for sustainable economic growth that the Kingdom seeks to achieve in accordance with its economic vision.

The Jordanian economy showed strong cohesion despite the challenges posed by regional tensions in the region, which affected many economic sectors that represent strong pillars of the country’s economy, especially tourism.

Despite the tensions in the region, the Kingdom has achieved many positive economic indicators, in addition to announcing a number of major strategic projects, including the Aqaba Port Railway Project, and the establishment of a joint Jordanian-Emirati company that will undertake the tasks of constructing and operating the Aqaba Port Railway Project.

The first investment agreement to produce green ammonia in Jordan, at a cost of one billion dollars, was signed between the Ministry of Energy and Mineral Resources and the Jordan Green Ammonia Company, a “Polish-Emirati consortium with Dutch technical support.”

The final technical legal agreement for the national carrier project was also signed in preparation for the financial closing next July, and the start of construction and excavation work next summer, with a capital cost estimated at approximately 4.3 billion dollars, while the total cost of the project amounts to approximately 5.8 billion dollars, including financing costs.

Today, the Jordanian economy is experiencing important structural transformations in many sectors with high added value, which will enhance the Kingdom’s economic role in the region, especially in the field of supply chains, sourcing and transportation.

This economic momentum of the Kingdom is consistent with the goals of the economic modernization vision aimed at achieving sustainable economic growth, raising employment rates, and improving the competitiveness of the national economy, stressing that the continuation of economic reforms, improving the investment environment, and simplifying procedures for investors will enhance the Kingdom’s ability to attract more quality projects in the coming years.

These indicators come at a time when Moody’s credit rating agency affirmed Jordan’s long-term sovereign rating at “Ba3” in both local and foreign currencies, while maintaining a stable future outlook, in a move that reflects a balance between the strength of economic policies and the structural challenges facing the economy.

The agency indicated that the decision is based on the strength and effectiveness of economic and financial policy-making institutions in the Kingdom, in addition to continued international financial and technical support, and the existence of a base of local savings that contribute to supporting economic stability.

During the current year, the experts of the International Monetary Fund and the Jordanian authorities also reached an agreement at the expert level regarding the fifth review within the Extended Fund Facility arrangement and the second review within the Resilience and Sustainability Facility arrangement.

The government quickly implemented a multi-pronged response to mitigate the economic impact of regional tensions in the region and protect citizens, as it included measures to ensure energy security, facilitate supply chains, and ensure the availability of sufficient liquidity, while at the same time maintaining prudent financial and monetary policies.

Statistical data issued by the Department of General Statistics showed that licensed building areas in the Kingdom increased by 29.3% during last March, a decrease in the unemployment rate for the total population to 16.1% in the first quarter of this year, and a growth in national exports by 1.6% during the first quarter of 2026.

During the past two days, King Abdullah II inaugurated two strategic projects for the Arab Potash Company, namely the solar salt pan expansion project and the new electric and steam power generation station, in addition to the opening and launching of three projects affiliated with the Jordan Bromine Company in the Ghor al-Safi region in the south of the Kingdom.

Prime Minister Dr. Jaafar Hassan also opened six factories of the international company “Jinxing” in the Qatrana area in Karak Governorate, in the south of the Kingdom, providing 700 employment opportunities for the people of the governorate and its neighboring areas, forming the nucleus of an integrated industrial complex.

The new factories that were opened form the nucleus of an integrated industrial complex in Qatrana, after the company started with two factories in 2022, in which approximately 830 employees work.

Jinsheng International Company is a Chinese investment company specialized in the manufacture of porcelain, electrical appliances, stainless steel, lighting, sanitary ware, cardboard forming, etc. It is currently working to complete the establishment of 3 other factories in Qatrana to manufacture glass, porcelain, and plastic products.

Engineer Yaroub Al-Qudah, Minister of Industry, Trade and Supply, said that the results of foreign trade for the first quarter of the current year 2026 reflect the strength of the national economy and the ability of the Jordanian productive sectors to maintain their presence in foreign markets despite the economic and regional challenges.

He added that the increase in national exports by 1.6% during the first quarter of this year to reach 2.129 billion dinars is a positive indicator of the growing competitiveness of Jordanian products and the expansion of their access to global markets.

He pointed out that the export performance was concentrated in a number of value-added industrial sectors, most notably clothing, raw potash, and pharmaceutical preparations, which reflects the diversity of the national production base and its ability to meet the requirements of different markets.

He pointed out that the noticeable increase in national exports to a number of major markets, with rates reaching 45.3% to Syria, 74.1% to China, and 69.9% to European Union countries, confirms the success of government and private sector efforts in opening new markets and strengthening trade relations with economic partners.

He explained that these positive indicators are the result of government policies aimed at enhancing the competitiveness of the national industry, improving the business environment and facilitating the movement of trade, in addition to the efforts made within the vision of economic modernization to increase the contribution of the industrial and export sectors to economic growth.

Minister Al-Qudah stated that the decrease in imports by 2.9% during the same period contributed to reducing the deficit in the trade balance by 6.3% to reach 1.907 billion dinars, stressing that the improvement in the percentage of total export coverage of imports to reach 59% is a positive indicator of the improvement in the Kingdom’s trade performance.

For his part, Engineer Fathi Al-Jaghbir, President of the Jordan Chamber of Industry, confirmed that the opening of new factories in the Kingdom embodies the directions brought by the economic modernization vision, which focuses on making industry a major driver of economic growth, employment and exports, and reflects the government’s continued interest in creating the appropriate environment for investment, especially in the less fortunate governorates and regions. Which contributes to achieving more balanced and comprehensive economic development.

He pointed out that what is being witnessed today is consistent with the ongoing royal vision that emphasized the importance of enhancing self-reliance, expanding the national production base, and making Jordan a regional center for industry, investment, and value chains, pointing out that attracting new and advanced industries represents one of the most important paths to achieving these goals.

He told the Jordanian News Agency (Petra) that the importance of industrial projects lies in the nature of the industries being localized in the Kingdom, which include the industries of porcelain, electrical appliances, stainless steel, lighting, and sanitary ware. These are specific industries that contribute to diversifying the Jordanian industrial base and introducing new products into the national export basket. This enhances economic complexity and increases the added value of Jordanian industry.

Engineer Al-Jaghbir pointed out that the opening of the factories represents a positive message to local and foreign investors, and reflects Jordan’s success in attracting qualitative industrial investments with high added value, capable of enhancing national exports and supporting the process of sustainable economic development.

For his part, Ayman Al-Alawneh, President of the Jordanian Businessmen Association, stressed that the three economic indicators represent positive and important indicators of the improvement of national economic performance and the continued recovery of many productive and service sectors. This reflects the success of economic and reform policies in enhancing economic activity, stimulating investment and improving the business environment.

Alawneh told Petra that the increase in licensed building areas is a direct indicator of the growing investment and construction activity, and reflects the increased confidence of investors and real estate developers in the national economy and in the future of the local market.

He explained that the construction sector is one of the sectors driving economic growth due to its interconnection with more than 40 economic sectors, including the construction industries, transportation, financial, engineering and commercial services, which contributes to stimulating economic activity, providing job opportunities and stimulating local demand.

He stated that the decrease in the unemployment rate is a positive development and an important indicator of the improvement of the labor market and the ability of the national economy to create new job opportunities and absorb larger numbers of entrants to the labor market.

He explained that this decrease reflects the recovery of a number of economic sectors and the increase in productive and investment activity, which contributes to raising employment levels, improving household incomes, and enhancing purchasing power in the local market.

He pointed out that the growth of national exports reflects the ability of Jordanian products to maintain their competitive presence in foreign markets despite global economic challenges and regional fluctuations.

He pointed out that this growth reflects the quality of the Jordanian product and the ability of the industrial and export sector to adapt to economic changes and benefit from the trade agreements that link Jordan with many global markets.

He stated that increasing national exports directly contributes to strengthening the Kingdom’s foreign currency reserves, improving the trade balance, and supporting economic growth rates, in addition to its role in expanding the production capacity of industrial facilities, increasing employment opportunities, and attracting more investments directed towards export sectors.

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