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Sector Profile |
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For over the past 40
years the industry has grown to 17 companies, becoming an export driven industry
providing quality, safe and effective pharmaceuticals at affordable prices for
millions of citizens in Jordan and the MENA region.
Pharmaceuticals have
come to play an important role in economy and labor market that some refer to as
“a sunrise industry” in Jordan. The total value of domestic production rose to
almost US$ 300 million in 2004, up from US$ 77 million and US$ 185 million in
1990 and 1995, respectively. In terms of exports, pharmaceuticals are second
only to the garments industry, positioning it as the first value added industry
in Jordan. With 70% of its sales accruing from exports, the pharmaceutical
sector meets around 50% of the demands of the domestic market by units.
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Pharmaceuticals also contribute significantly to domestic employment. The sector
directly employed more than 4000 people in 2004, up from only 1700 employees in
1991, where the Jordanian pharmaceutical sector is the highest paid sector in
terms of average monthly wages and salaries. The drug industry also provides
another 3000 jobs indirectly in supply and related industries. In other words,
the seventeen pharmaceutical companies that currently operate in Jordan provide
jobs to approximately 3.5% of the total work force employed in the country’s
industrial sector, including minerals and crude materials.
This sector
specializes and excels in producing branded generics ranging from many dosage
forms such as solids, semi-solids, Liquids, aerosols and injectables as well as
producing various licensed products from multi-national companies. In addition,
a number of Jordanian companies have secured approvals on some of their products
from health authorities in USA, UK, Germany and Sweden, while the rest are
currently in the process of pursuing these unconventional markets. |
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