IFC launches Dutch-backed textile sector project in Jordan

The project aims at facilitating new and expanded investment in the industry, boost export volumes and create employment opportunities.

It encompasses a comprehensive approach, including sector analysis, investment climate enhancements through targeted reforms, identification of strategic investment prospects and attracting new investment, a domestic news agency reported.

IFC regional director for the Middle East Khawaja Aftab Ahmed highlighted at the launch event his organisation’s commitment to leveraging its global expertise to unlock the vast potential of the knitwear sector, creating new employment prospects and fostering sustainable economic growth by collaborating with the Jordan Chamber of Industry and the Jordanian government.

On the sidelines of the ceremony, a pivotal agreement was inked between the Jordan Chamber of Industry and IFC to commence project implementation.

Jordanian minister of industry, trade and supply Yousef Shamali outlined his country’s strategic vision to position itself as a regional hub for the textile industry.

Fibre2Fashion News Desk (DS)