Amman, Aug 23 (Petra) – Minister of State for Economic Affairs Muhannad Shehadeh said on Saturday that the second executive program of the Economic Modernization Vision (EMV) aims to achieve inclusive economic growth by increasing employment rates and raising gross domestic product (GDP).

Speaking at the launch of the first four sectoral sessions of the program at the Prime Ministry, Shehadeh said the government will initiate integrated strategic projects across multiple sectors in partnership with the private sector.

He added that the program will focus on boosting Jordan’s regional competitiveness by supporting key economic sectors.

"We are committed to launching pioneering projects that are comprehensive and integrated, creating new jobs and enhancing income levels and citizens’ well-being," he said.

Shehadeh also revealed plans to develop economic legislation to make it more flexible and supportive of the private sector, aiming to foster a more attractive investment climate.

He stressed that the government seeks to establish an integrated investment methodology covering opportunities both inside and outside Jordan, noting that practical facilitation is the cornerstone of the investor and citizen experience. These, he said, are being developed in partnership with the private sector to ensure a supportive economic environment.

For his part, Investment Minister Tareq Abu Ghazaleh highlighted the importance of analyzing the economic impact of projects to ensure rapid growth and job creation. He said the government would assess various sectors to determine their contribution to sustainable development, with a focus on integrating projects with government initiatives.

Abu Ghazaleh said the government is committed to economic impact analysis for every project to guarantee balanced sectoral growth that improves quality of life and creates sustainable jobs. He noted that the government will provide bankable investment opportunities while simplifying procedures and offering transparent information to ease investor challenges, thereby strengthening Jordan’s appeal as an investment destination.

He emphasized the priority of infrastructure development to support investments, adding that the government aims to accelerate investment through effective partnerships and promote opportunities in energy, transport, tourism and other fields to boost Jordan’s regional standing.

Abu Ghazaleh underlined the need to improve the investment environment through effective partnerships with the private sector, civil institutions and the media.

He said the Investment Ministry is working to build a comprehensive investment culture focused on tangible results, noting that this transformation requires close cooperation to secure a supportive and transparent environment.

Abu Ghazaleh highlighted the importance of turning initiatives into a detailed roadmap under the four-year executive program, stressing alignment between government bodies and stakeholders, while continuously improving projects based on feedback.

He said building trust between investors, institutions and citizens is essential, describing investment as a shared responsibility. He noted that the government is committed to improving international indicators, starting with accurate and transparent data and better communication to strengthen confidence in the investment climate.

Abu Ghazaleh also underlined the vital role of the press and media in supporting Jordan’s investment process, calling journalism the most important channel for feedback and constructive criticism.

//Petra// AF

23/08/2025 21:03:00