Amman: Minister of State for Economic Affairs Muhannad Shehadeh announced on Wednesday that the government will develop an executive program for the Economic Modernization Vision (EMV) set for 2026-2029, to be rolled out by mid-September. This initiative is part of the government’s commitment to implement measures aimed at stimulating economic growth, aligned with Royal directives and the vision for modernization, with an overarching goal to boost confidence in the national economy.
According to Jordan News Agency, the announcement was made during a session of the Senate’s Finance and Economic Committee. The session was convened to discuss the government’s economic policies with the Ministerial Economic Team, led by Dr. Rajai Muasher. Muasher emphasized the importance of periodically reviewing the government’s economic and financial plans in response to the swiftly changing developments in the region, alongside decisions regarding import customs tariffs and their implications on the Economic Modernization Vision.
Muasher further highlighted the impact of these economic policies on tourism, investment flows, and provided an analysis of economic growth and unemployment statistics. During the session, members of the government’s economic team presented key indicators of the national economy up to the end of May. They reported that revenues had reached JD4.67 billion, with capital expenditure estimated at JD425 million, a noticeable increase from JD375 million during the same period last year.
The ministers also discussed ongoing efforts to reduce public debt to 80% of GDP by 2028. They noted increases in the volume of investment, a 35% rise in the number of registered companies, and a 3% uptick in tourist arrivals. Furthermore, the team highlighted initiatives to promote renewable energy and green hydrogen, expand the use of natural gas in the industrial sector, and finalize new agreements in the mining industry.
The economic team comprises several key ministers, including Ministers of Tourism, Lina Annab; Industry, Trade, and Supply, Yarub Qudah; Energy, Saleh Kharabsheh; Investment, Muthanna Gharaibeh; Planning and International Cooperation, Zeina Touqan; and Finance, Abdul Hakim Shibli.