Writer Articles
Hamzeh S. Al-Alayani

Hamzeh S. Al-Alayani

The writer is a board member of a Jordanian public-sector government investments management company and a regular commentator on regional energy and industrial matters.

The Middle East and turning sustainability talk into action

​Sustainable investing, which considers environmental, social, and corporate governance (ESG) criteria to generate long-term competitive financial returns and positive societal impact is gaining momentum.

Green mining in Jordan: A sustainable future

The mining sector in Jordan is a cornerstone of the national economy, accounting for 19 percent of Jordan's total exports. In 2019, the sector made up about 7.7 percent of the Kingdom's GNP, which is set to increase to 11 percent by 2025.

Public assets: A hidden goldmine

It is expected that future generations will bear the consequences of today's decisions, which is why it is vital that governments have the right expertise to understand how their assets and liabilities will change. Balance sheet management has just recently shifted into government focus. However, that is changing as governments worldwide experience low growth in tax revenues and inevitable pressure on spending.

On aligning Jordan’s growth strategy

​Shifting the focus to agents of change and enabling the private sector to more significant responses could allow Jordan to reap better benefits. And to generate new growth processes, private sector decision-makers must take unknown risks to invest and operate within Jordan — primarily to serve markets beyond it.

Boosting human capital to benefit the country

Jordan’s population of 10.8 million is young, as 70 percent are younger than 35. The Kingdom invests significant resources in education and skills development: nearly 10 percent of the government’s budget ($1.6 billion) is devoted to education.

The emerging climate-investment nexus

The Neighborhood Investment Platform has cemented the strong partnership between the EU and Jordan, which could leverage up to 2.5 billion euros of public and private (PPP) investments, in line with Jordan’s Economic Modernization Vision. It has the potential to enhance growth and innovation, create quality jobs, develop human capital, and raise living standards and environmental sustainability.

Jordan’s FTA — an untapped goldmine

The war in Ukraine, which is reshaping the global geopolitical situation and making energy prices in Europe soar, is also forcing EU countries to find alternative energy sources. EU electricity and natural gas prices are now close to 10 times their historical average in the decade leading up to 2020.

Women on boards; investment in gender diversity

A growing number of studies shows that a gender-diverse board can positively impact a company’s performance. OECD, MSCI, and Catalyst reports have shown that companies with gender-diverse executive committees outperformed those without women in senior-level positions, achieving an average of 47 percent higher returns on equity (ROE) and 55 percent more significant gross income. Furthermore, diversity has enhanced internal controls, vital organizational structures, and employee retention and engagement levels.

Investing to address climate change

For Jordan to achieve climate-compatible growth, governments need to pursue fiscal and structural reforms that support low greenhouse gas emissions, and resilient investments backed up by efficient, cost-effective climate policies.

Jordan railway project: the future of green transport

The country is working actively on developing the Jordan National Railway Project (JNRP) from a technical and feasibility perspective. It is a significant strategic infrastructure project that will modernize Jordan’s logistics through institutionalizing cargo land transport, which would give the Kingdom a competitive advantage in the trade network, and positively affect manufacturers and suppliers in the Kingdom. This public-private partnership will create a great value proposition and economic benefits.