Jordan Advances Economic Modernization with Key Achievements Across Sectors

Amman, Feb. 3 (Petra) – The latest annual report on the Economic Modernization Vision (2023-2025) highlighted major progress in multiple sectors, with 95 investment services activated on the country’s comprehensive electronic investment platform.

In the investment sector, Jordan updated investment opportunity models and launched 21 new opportunities in priority fields. Additionally, a specialized consulting firm was contracted to enhance investment promotion efforts.

For high-value industries, an amended system for petroleum, oil shale, coal, and strategic minerals exploitation was introduced. A national food security database was also established, aiding in strategic planning and strengthening agricultural reserves. Furthermore, a digital system for agricultural holdings was launched, improving sectoral support and tracking capabilities, while the Supreme Council for Food Security began operations.

Within future services, the National Financial Inclusion Strategy 2023-2028 was released, and key banking sector regulations were updated. Several new systems were adopted in 2024, including Compulsory Vehicle Insurance System No. 52 and Insurance Contracts Beneficiaries and Insureds Guarantee Fund System No. 53. The government also digitized 65% of its services and established four comprehensive service centers.

Despite regional challenges, the tourism sector remained strong, generating JD5.132 billion in revenue in 2024, with 6.108 million visitors. Efforts focused on infrastructure upgrades, training programs, and legislative updates to ensure sectoral recovery in 2025.

In education and innovation, new schools were built, electronic exams were prepared, and teacher training platforms were activated. Additionally, the University Student Support Fund was expanded, and vocational education programs were updated to align with international labor market standards.

For sustainable resources, Jordan signed 13 memoranda of understanding for green hydrogen projects, expanded its natural gas distribution to key industrial zones, and met 2024 water loss reduction targets under the financial sustainability plan.

On environmental sustainability, Jordan continued implementing green industrial projects, including establishing the nation’s first database for consumed electric vehicle batteries.

The quality of life sector saw the opening of a strategic medical inventory warehouse, 17 new health centers, and the digitization of 289 healthcare facilities. Remote medicine services expanded across 249 hospitals and health centers, while the government enacted Social Development Law No. 4 of 2024 to strengthen social protection. Transportation projects advanced with continued implementation of the Bus Rapid Transit (BRT) system between Amman and Zarqa, alongside the completion of a 4.8 MW solar energy project at Queen Alia International Airport.

//Petra// AO
03/02/2025 15:00:41