Amman: Minister of State for Economic Affairs Muhannad Shehadeh announced on Saturday that the second executive program of the Economic Modernization Vision (EMV) is set to drive inclusive economic growth by focusing on increasing employment and boosting the gross domestic product (GDP). The announcement was made during the launch of the program’s first four sectoral sessions at the Prime Ministry, emphasizing strategic projects in collaboration with the private sector.
According to Jordan News Agency, Shehadeh highlighted the government’s commitment to initiating pioneering and integrated projects across key economic sectors to enhance Jordan’s regional competitiveness. He outlined plans to develop flexible economic legislation to support the private sector and attract investments, reinforcing the government’s dedication to creating a conducive investment environment. The focus on a comprehensive investment methodology, covering opportunities both within and outside Jordan, is central to this initiative.
Investment Minister Tareq Abu Ghazaleh emphasized the critical role of analyzing the economic impact of projects to ensure rapid growth and job creation. He discussed the government’s strategy to evaluate various sectors for their sustainable development contributions, integrating projects with government initiatives. Abu Ghazaleh stated that the government aims to provide viable investment opportunities, streamlining procedures and enhancing transparency to attract investors.
The ministers underscored the importance of infrastructure development and effective partnerships to promote investments in sectors like energy, transport, and tourism. The goal is to bolster Jordan’s regional position and improve the investment climate through collaboration with the private sector, civil institutions, and media.
Abu Ghazaleh stressed the need for a detailed roadmap under the four-year executive program, ensuring alignment between government bodies and stakeholders. He highlighted the significance of building trust among investors, institutions, and citizens, with the government committed to improving international indicators through transparent data and communication.
The role of the press and media in supporting Jordan’s investment process was also emphasized, with Abu Ghazaleh calling journalism a crucial channel for feedback and constructive criticism, vital for fostering a supportive and transparent investment environment.