ALBAWABA - Yousef Al-Shamali, Jordanian Minister of Industry, Trade, and Supply, inaugurated the first of its kind gold refinery in Jordan at the International Company Factory, a subsidiary of the Imseeh Jewelry Group for Gold and Jewelry.
Jordan’s first gold refinery
The newly established refinery is equipped with the best technologies and tools to convert gold bars of 14, 18, and 21 carats into 999.9 gold carats. Additionally, the refinery is set to convert raw materials into jewelry pieces to be exported to 54 countries around the world.
Jordan's gold exports reached $1.1582 billion in 2023, compared to $659.9 million in 2022, marking a growth rate of 75.5%. (Shutterstock)
Commenting on the new refinery establishment, Al-Shamali said that the Jordanian industry is continuously developing and growing to be able to compete with international industries. Jordanian industry sector aims to create more job opportunities, reduce unemployment rates, and raise the outcome of Jordanian exports.
Jordan’s gold and jewelry sector
It is worth mentioning that Jordan’s gold and jewelry industry recorded a massive development in the past few years, achieving high export records. Jordan's gold exports reached $1.1582 billion in 2023, compared to $659.9 million in 2022, marking a growth rate of 75.5%.
As for the gold and jewelry workforces, 1,942 individuals are currently working in diverse 419 establishments. Of these workers, 83% are males, 17% are females, and nearly 1% are people with disabilities.
