Jordanian Exports See 5.5% Rise Driven by High Trade to Saudi Arabia

Transport trucks drive near containers at a Jordanian port (Getty Images)
Transport trucks drive near containers at a Jordanian port (Getty Images)
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Jordanian Exports See 5.5% Rise Driven by High Trade to Saudi Arabia

Transport trucks drive near containers at a Jordanian port (Getty Images)
Transport trucks drive near containers at a Jordanian port (Getty Images)

Jordan's Foreign Ministry revealed that the value of national exports to Greater Arab Free Trade Area (GAFTA) countries increased by 5.5 percent, reaching $888 million compared with the previous year's $842 million.

The increase was primarily driven by higher export volumes to the Saudi market, which amounted to approximately $288 million.

According to foreign trade data from the Department of Statistics (DoS), exports to the countries under the North American Free Trade Agreement (NAFTA) witnessed a growth of 11.2 percent, reaching around $589 million compared with the $540 million recorded during 2022. It was mainly attributed to expanded Jordanian exports to the US.

Jordanian exports to non-Arab Asian countries saw a 10 percent increase during the first quarter of this year, reaching approximately $868 million compared with $789 million achieved during the same period last year.

The value of Jordanian exports to European Union countries rose 28.3 percent, reaching approximately $114 million compared with the previous year's $88 million. Belgium emerged as the top European destination for Jordanian exports, accounting for nearly $25 million.

Jordanian exports to other economic blocs witnessed a 4.9 percent increase, totaling around $324 million compared with the previous year's $308 million. It was driven by higher export volumes to the free zone, which amounted to approximately $149 million.

The ministry stated that total Jordanian exports achieved a slight growth with various trading partners and economic blocs during the first quarter of this year, to record $2.78 billion, compared to $2.56 billion for the same period last year.



Madinah Investment Forum to Kick Off on Sunday

Madinah Investment Forum to Kick Off on Sunday
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Madinah Investment Forum to Kick Off on Sunday

Madinah Investment Forum to Kick Off on Sunday

The Madinah Investment Forum, organized by Al-Madinah Al-Munawwarah Chamber under the theme "Invest in Madinah", will start on Sunday and run for two days.
The forum consists of a diverse range of programs, events, and four specialized dialogue sessions focusing on key aspects of the national investment strategy. It will host 18 speakers and more than 40 entities, and present 200 investment opportunities, valued at over SAR57 billion, in more than ten targeted sectors, SPA reported.
The event will highlight Madinah's significant achievements and showcase development and investment projects in the region. It will explore promising investment sectors, comparative and competitive advantages, and the region's potential to support investment growth. Key areas of focus include hospitality, logistics, agriculture, and real estate.
The forum's objectives include identifying investment opportunities in Madinah, fostering investment partnerships, attracting new investments, and introducing financing solutions and business sector services for major development projects.
The event is aimed at a broad audience, including local and international investors, government agencies, development organizations, private sector representatives, investment agencies, financial institutions, consulting firms, and professional service providers.