Amman: Minister of Investment, Muthanna Gharaibeh, stated that the ministry’s strategy is designed to promote investment through a differential advantage, attract foreign flow, and motivate investors by applying international practices. Gharaibeh made these remarks during a session with the Senate’s Finance and Economic Committee, chaired by Dr. Rajai Ma’asher, to discuss the strategies of the Ministries of Investment and Water.
According to Jordan News Agency, Gharaibeh emphasized that the strategy aims to improve investor transactions throughout the different stages of projects, particularly focusing on registration and licensing necessary to commence economic activities. The minister highlighted that this vision is expected to sustain and expand investment operations, thereby enhancing Jordan’s economic growth and creating job opportunities for young people.
The strategy also seeks to strengthen the partnership between Jordan’s public and private sectors and encourage local investment. Gharaibeh pointed out that the Amman-Zarqa Bus Rapid Transit (BRT) project marks the initial step in this collaborative effort. He reiterated the ministry’s role in promoting investment by preparing feasibility studies to stimulate schemes in priority sectors, aligning with the Economic Modernization Vision (EMV).
Meanwhile, Minister of Water and Irrigation, Raed Abu Saud, elaborated on the ministry’s strategy to achieve Jordan’s water security. This strategy includes a long-term plan to address water scarcity, climate change, and population growth. Abu Saud detailed efforts to optimally manage current water resources and improve sustainable supply from non-traditional sources, notably the National Water Carrier Project, aiming to achieve this at the lowest cost.
Abu Saud also mentioned the strategy’s focus on reducing water loss and protecting surface and groundwater sources through strict enforcement of laws and regulations. Dr. Ma’asher added that the committee intends to review the strategies and projects of both ministries to assess their compatibility with the EMV.