Jordan Industry Chamber, Arab Fund chiefs discuss cooperation

Jordan and Amman Chambers of Industry President Fathi Jaghbir and Arab Fund for Economic and Social Development Chairman Bader Al Saad Tuesday discussed closer cooperation and investment prospects. Jaghbir noted the Fund's support of small and medium enterprises in Arab countries and the Jordanian industrial sector's contributions at the economic and social levels and its ability to achieve and lead growth in the Kingdom over the past years. Jaghbir stressed the Jordan Chamber of Industry as a key pillar of the national economy, a job generator and the most capable to lead recovery as it contributes about 45 percent of GDP and employs more than 268,000 workers, about a quarter of the kingdom's workforce. The two sides discussed prospects to expand support by the Arab Fund to industrial enterprises in Jordan and enhance the capacities of Jordanian industrial companies to raise their productivity and expand. The Arab Fund for economic and Social Development is a key institution financing businesses in the A rab world. The Fund's delegation gave a briefing on its new strategy, which is focused on strengthening real partnerships with the private sector and the banking sector and finance and promoting projects with high returns as well as raising employment rates, especially for women. Source: Jordan News Agency