Industrial investors association calls for zero-interest loans

AMMAN — The Eastern Amman Investors Industrial Association (EAIIA) hasassessed insufficient liquidity as the main challenge facing the Kingdom’s industrial sector, highlighting thatsufficient cash flow helps industrialists to continue operations, maintain production and retain their workforce.

The association, in a statement issued on Wednesday and carried by the Jordan News Agency, Petra, called for facilitating loans for industrialists at a zero-interest rate with an open ceiling, supported by the Central Bank of Jordan.

The EAIIA urged related bodies to cut down sales tax to 10 per cent until the end of 2020, which the association said will stimulate the national economy and increase the purchasing power of the citizens.

It also called for setting a unified electricity tariff for the sector, as well as consistently waiving the “differences in fuel prices” category on the sector’s monthly electricity bills.