The government's decision to raise the price preference margin granted to locally manufactured products in public tenders to 20 percent is expected to strengthen industrial activity, stimulate investment and new employment opportunities, according to Minister of Industry, Trade and Supply Yarub Qudah.
The decision, recently approved by the Cabinet, forms part of broader efforts to enhance the contribution of the industrial sector to economic growth and increase the role of local production in meeting government procurement needs.
In a statement issued Tuesday, Qudah said the move represents a significant step toward empowering national industries and improving the competitiveness of Jordanian products in the domestic market.
The government's decision to raise the price preference margin granted to locally manufactured products in public tenders to 20 percent is expected to strengthen industrial activity, stimulate investment and new employment opportunities, according to Minister of Industry, Trade and Supply Yarub Qudah.
The decision, recently approved by the Cabinet, forms part of broader efforts to enhance the contribution of the industrial sector to economic growth and increase the role of local production in meeting government procurement needs.
In a statement issued Tuesday, Qudah said the move represents a significant step toward empowering national industries and improving the competitiveness of Jordanian products in the domestic market.
The government's decision to raise the price preference margin granted to locally manufactured products in public tenders to 20 percent is expected to strengthen industrial activity, stimulate investment and new employment opportunities, according to Minister of Industry, Trade and Supply Yarub Qudah.
The decision, recently approved by the Cabinet, forms part of broader efforts to enhance the contribution of the industrial sector to economic growth and increase the role of local production in meeting government procurement needs.
In a statement issued Tuesday, Qudah said the move represents a significant step toward empowering national industries and improving the competitiveness of Jordanian products in the domestic market.
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Higher Government Procurement Preference for Local Industry Set to Support Growth and Employment
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