Abou El Makarem emphasized that exports are the sole lifeline for the industry. He noted that without exports, there would be no industry, as they drive quality improvement, development, and modernization of equipment and machinery
The rise in exports is attributed to higher exports of several commodities, including orange juice, which reached a value of $90.506 million between January and August 2024, compared to $33.936 million during the same period in 2023, an increase of $56.570 million.
The data also highlighted investment flows between the two countries. Jordanian investments in Egypt increased to $134 million during the fiscal year 2022/2023
This growth was fuelled by key sectors, including cables, electrical equipment, automotive components, home appliances, electrical and electronic industries, and transportation. Cable exports saw a significant increase of 33.6%, while electrical equipment grew by 8.1%.
He highlighted the sector’s contribution to over 15% of the GDP, its employment of more than a quarter of the national workforce.
