Amman, Jan. 26 (Petra) – Jordan’s path to a sustainable economic future hinges on attracting Arab and foreign investments while encouraging local investments to expand. These efforts align with the Economic Modernization Vision, which includes 15 initiatives aimed at achieving comprehensive growth, creating job opportunities, and fostering economic resilience.
The vision’s investment engine focuses on creating an environment that matches global best practices to attract direct foreign and local investments. It aims to secure JD41 billion in investments and generate one million job opportunities by 2033.
Central Bank of Jordan data showed a 3.7% increase in net foreign direct investment inflows during the third quarter of 2024 compared to the same period in 2023.
Investment expert Mohammad Qaryouti described the modernization vision as a roadmap for economic growth, emphasizing the importance of its executive program.
He noted that achieving the vision requires adapting to real-time economic challenges and opportunities, with local investments serving as a foundation to attract foreign capital. He highlighted that Jordan’s consumption-driven market demands bold government decisions to stimulate purchasing power and economic activity.
Qaryouti commended recent government actions, describing them as bold and impactful in revitalizing the economic and financial cycles. He also pointed out that administrative modernization programs are progressing swiftly, improving the efficiency of the public sector to meet evolving economic needs.
Former MP Reem Badran stressed the importance of implementing sectoral strategies and an investment map to boost production and job creation.
She highlighted achievements such as the investment promotion strategy, national export strategy, and the digitization of economic activities, along with direct support for industrial and service facilities to enhance their digital capabilities.
Financial technology academic Louay Hawamdeh emphasized the need to enable existing investments to expand while promoting Jordan’s unique investment advantages. He called for an unconventional marketing strategy to highlight the benefits of the new investment environment law, ensuring investors recognize Jordan as a safe and stable destination.
He also advocated for strategic projects targeting infrastructure, particularly through public-private partnerships like the national carrier project, which he described as transformative for the economy.
//Petra// AO
26/01/2025 13:46:42
