Economists Say Royal Follow-Up on Economic Modernization Plan Accelerates Implementation

Amman: Economists and sector representatives have highlighted the significant role of His Majesty King Abdullah’s continuous oversight in fast-tracking the Economic Modernization Vision’s implementation, ensuring that plans are executed within their designated timelines. This initiative is viewed as a comprehensive national economic strategy that spans across government sectors.

According to Jordan News Agency, the King’s persistent engagement provides substantial momentum towards achieving the vision’s objectives, showcasing his commitment to advancing political, economic, and administrative reforms, as well as fostering economic growth and enhancing citizens’ quality of life. On Wednesday, His Majesty King Abdullah, along with His Royal Highness Crown Prince Al Hussein bin Abdullah II, assessed the progress of the Economic Modernization Vision’s executive program for the first half of the year.

His Majesty emphasized the necessity of adhering to the implementation plans to achieve the desired outcomes within the allocated timeframe. He also stressed the importance of the second-phase workshops recently conducted by the Royal Hashemite Court, which generated initiatives and priorities that will feed into the next government executive program. Furthermore, the King underlined the need to enhance public service quality and ensure clear communication with citizens regarding the Economic Modernization Vision and government action plans.

Iyad Abu Haltam, chairman of the Eastern Amman Investors Industrial Association, noted that the King’s follow-up would expedite the plan’s completion within its timeframe, describing it as an “economic roadmap” that integrates all sectors, particularly the private sector, which is expected to attract substantial investment. The workshops at the Royal Court aimed to reframe initiatives to achieve strategic goals, such as stimulating investment and improving the business climate for both domestic and foreign investors. The vision aims to elevate economic growth to 5.6% by 2033, create over a million jobs for youth entering the labor market, attract investment, and ensure national economic sustainability.

Hussein Hilalat, deputy chairman of the Jordan Hotels Association, highlighted the significance of King Abdullah and Crown Prince Hussein’s follow-up on the executive program’s progress, emphasizing their dedication to accelerating the vision’s priorities and achieving tangible economic and sectoral results, particularly in tourism. The royal attention motivates institutions and sectors to intensify efforts, with tourism being a key growth driver, job creator, and contributor to Jordan’s global tourism standing.

Economic specialist Muneer Dayeh remarked on the King’s interest in personally reviewing the achievements under the first executive program (2023-2025) and directing the preparation of the second program (2026-2029). This reflects a royal determination to advance modernization efforts and demonstrates the importance of private sector participation in preparing the executive program, given its capabilities to meet vision requirements and bolster the economy. The royal focus on improving services for citizens and ensuring they feel the vision’s impact in their daily lives underscores the ultimate goal of economic modernization.

The Prime Ministry will launch a series of specialized sectoral sessions beginning Saturday, involving experts and representatives from both public and private sectors. These sessions aim to prepare the components of the second executive program (2026-2029) by considering sectoral priorities and translating them into practical projects with clear timelines and performance indicators. The sessions will also discuss key projects for the second phase, aligning with growth drivers and vision goals, and strengthen coordination among government agencies and relevant sectors for integrated implementation.

This initiative reaffirms the government’s commitment to implementing the Economic Modernization Vision within the scheduled timeline, aiming to achieve sustained economic growth, open new avenues for investment and innovation, and contribute to sustainable development and improved living standards for citizens.