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Jordan Exports May Increase 10% in 2012, Al Arab Al Yawm Says

Dec. 11 (Bloomberg) -- Jordan’s Ministry of Industry and Trade is forecasting a 10 percent increase in exports next year, the Al Arab Al Yawm newspaper reported, without saying where it obtained the information.

The ministry expects the contribution of industry to gross domestic product to increase to 26 percent next year from 25 percent in 2011, it said.

The government’s 2012 budget allocates 8.3 million dinars ($11.7 milllion) to a program to develop trade and industry, it said.

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To contact the reporter on this story: Mohammad Tayseer at mtayseer@bloomberg.net

To contact the editor responsible for this story: Louis Meixler at lmeixler@bloomberg.net

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