The government is committed to expanding the management consulting services sector’s participation in enhancing industrial production processes and facilitating access to global markets, said Youssef Shamali, Jordan’s Minister of Industry, Trade and Supply.
At a ceremony Tuesday to inaugurate a secretariat for institutional dialogue between the public and private sectors for the consulting sector, Shamali emphasized the significance of financial, insurance and real estate services for boosting investments with added value.
He said that the government views its partnership with the private sector as a cornerstone to achieve economic and social development, in accordance with the royal vision, for which the ministry’s consulting council was established to formulate economic policy and legislation.
The secretariat is an important step toward institutionalizing dialogue between the public and private sectors, he said, adding that the service sector (which includes the consulting sector) contributed US$29 billion (JD21 billion), or 66 percent, to the national economy in 2021.
Finance, insurance, real estate, business, and consulting services contributed approximately $8.4 billion (JD6 billion) to the economy.
The development of new products and the overlapping of industries, particularly in small and medium-sized businesses, have been sparked by the local economy’s opening up to global markets, he stated, despite the lack of accurate figures on the consulting sector’s contribution to the national economy.
Diana Hollmann, Head of the Employment-oriented Promotion of Micro, Small and Medium Enterprises Project at the German International Cooperation Agency, emphasized that this dialogue promotes economic growth as well as social and political stability, emphasizing the need to increase and build on efforts.
She also praised the German Federal Ministry for Economic Cooperation and Development, the Dutch government and the Jordan Chamber of Commerce for their efforts to foster serious dialogue between the public and private sectors.