Investment Opportunities
Chemical Products Sector Overview
Jordan’s vision of economic modernization 2023-2033 classified the chemical industry as one of the major high-value sectors. The sector is expected to provide tens of thousands of jobs over the next 10 years. The Kingdom has developed a national strategy for the growth of the sector, stimulating and promoting investment in it, and has developed a strategy for the manufacture of new primary products for potassium
and phosphates that raise value added and provide new solutions that contribute to food security, such as nitrogen fertilizers, as well as the establishment of an integrated complex for the manufacture of chemical products and the upgrading of infrastructure.
Strategic State of Chemical Products Sector
- Chemical production accounts for 11.7% of Jordan’s manufacturing GDP and 30.4% of manufacturing
exports, which makes it a main manufacturing sub-sector. - Jordan has built a strong position in fertilizers and products/derivatives related to phosphate, potash, and
bromine feeding off its strong mining base. - Additionally, Jordan has a small position in various industrial and consumer chemicals such as paints,
cleaners, and personal care produc
Why invest in Chemical Products Sector in Jordan?
- Strategic Location: Jordan is situated at the crossroads of three continents, which allows mining
companies to access a vast range of markets with relative ease. This strategic position enables efficient
transportation of mineral products to consumers in Europe, Asia, and Africa, reducing transportation
costs and times. - Existing Industrial Zones: Network of industrial estates with dedicated offerings for manufacturing
- companies to set up operations.
- Trade Agreements: Large number of free trade agreements that make Jordanian exports very competitive.
- Natural Raw Material Availability: Natural resources (metals and minerals) provide feedstocks to create downstream value-added products businesses.
- Skilled Workforce: Jordan has a high literacy rate and a strong educational system, making skilled professionals in various fields widely available. Skills include engineering, geology, and project management.
Insights:
- 0.87 billion USD contribution to GDP
- 23 k employees
- 2.1 billion USD total exports
