Amman, February 5 (Petra) — Minister of Investment Muthanna Gharaibeh discussed the “crucial” role of the Amman Stock Exchange (ASE) in supporting the national economy and driving comprehensive growth.

In a statement, Gharaibeh noted its “key” role in improving the investment environment and attracting more investments to help achieve the goals outlined in the Economic Modernisation Vision.

The statement came during Gharaibeh’s visit to the ASE on Wednesday, where he attended the first meeting of its new board of directors, chaired by Ghassan Oumt.

Gharaibeh urged a clear development plan for implementation by the stock exchange, market institutions and relevant stakeholders to stimulate investment and enhance financial market activity.

He reaffirmed the government’s commitment to supporting the vital sector, working to remove any obstacles it faces and providing all necessary resources to promote its growth and vitality.

Gharaibeh pointed out that the ASE plays a “vital” role in providing liquidity and financing for public and private sector projects, particularly large-scale ones.

He added that boosting investment in all forms is a national priority the government is actively working to achieve.

Oumt, in turn, said the stock exchange would focus on implementing a series of projects and initiatives in the coming period, in collaboration with relevant authorities in the national capital market.

Mazen Wazifi, CEO of the ASE, presented an overview of key ongoing projects and upcoming plans to enhance the technical and legislative frameworks of the exchange.

These efforts will align with the latest international standards and practices, ultimately strengthening the investment climate and boosting confidence in the market to attract more local and foreign investments.

//Petra// AK
05/02/2025 19:46:10