PM partakes in session on Arab Economies Converging in Davos, 1st add

Khasawneh spoke about Jordan’s cooperation with Cyprus and Greece in energy and gas fields, stressing that there are wide areas for cooperation in the Mediterranean basin, and that achieving peace and ensuring security and stability leads to broader areas for regional cooperation.

The Prime Minister highlighted the comprehensive modernization project led by His Majesty King Abdullah in its three political, economic and administrative streams, stressing that the economic modernization vision aims to double the economic growth rate to 5.5 per cent and provide about one million job opportunities in ten years.

He added that targets of the economic modernization vision are to attract foreign investments estimated at $1.5 billion annually, and domestic investments at about $2.5 billion annually, pointing out to the measures taken by the government to enhance the investment environment and provide tax incentives to encourage and enable investments.

He mentioned the structural reforms that took place in the electricity sector, as electricity prices were reduced in the productive sectors, including industrial, commercial, tourism and hospital sectors, with the aim of enhancing its competitiveness with foreign markets, in addition to the decrease in electricity prices for most household subscriptions.

The Prime Minister emphasized that the partnership with the private sector and its empowerment is a fundamental pillar in investment, stimulating economic activity and providing job opportunities.

He referred to the free trade agreement that links Jordan with the United States, Canada and other countries, which provides advantages for investment in Jordan in terms of entering goods and products into big global markets.

//Petra// AF

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19/01/2023 21:53:23