Jordan pharma exports up 20%

The industry's exports climbed to US$643m from US$503m in 2011
Jordan pharma exports up 20%
By Massoud A. Derhally
Sun 17 Feb 2013 12:08 PM

Jordan’s pharmaceutical exports increased in 20 percent last year, the Jordan Times reported.

The industry's exports climbed to US$643m from US$503m in 2011, the Amman-based newspaper reported, citing Mohammad Ali Shahin, representative of healthcare-related industries and medical supplies at the Jordan Chamber of Industry.

If the industry sees its exports continue to grow at the same pace, revenue could climb to US$1bn by 2015, Shahin was cited as saying. Growth has slowed as a result of regional political instability.

Jordan's medical products are exported to about 65 markets and the industry employs about 5,000 people directly and an additional 3,000 in related markets, Shahin said.

Jordan's Hikma Pharmaceuticals, which is listed on the London Stock Exchange, and is the fifth largest pharmaceutical manufacturing company in the Middle East and North Africa, generates more than 60 percent of its revenue from the Arab world. 

Aside from pharmaceuticals, Jordan generates as much as US$1bn a year from medical tourism.

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