Jordan pins high hopes on Economic Modernization Vision

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His Majesty King Abdullah and HRH Crown Prince Hussein attend the Economic Modernization Vision launched in the Dead Sea on Monday. (Photo: Royal Court)
AMMAN — The Economic Modernization Vision is a turning point in the history of the Kingdom, and citizens will reap its dividends in the future, experts predicted.اضافة اعلان

The Vision is the outcome of the National Economic Workshop sessions, held at the Royal Hashemite Court upon Royal directives. The workshop is the culmination of discussions held with the participation of over 500 specialists, stakeholders, and experts, as well as representatives of the public and private sectors, parliament, and civil society organizations, over several months.

His Majesty King Abdullah and HRH Crown Prince Hussein attended the vision’s launch at the King Hussein bin Talal Convention Center on the Dead Sea shoreline on Monday.

The vision, which is in line with the comprehensive modernization across the political, economic, and administrative tracks, is a roadmap for the coming years. It will guarantee unleashing Jordan’s economic potential to achieve comprehensive sustainable growth that enhances job opportunities, expands the middle class, and improves living conditions.

Top among its objectives is to map out effective initiatives to advance the mining sector in the Kingdom by developing a national strategy for mining, establishing an independent body for geological survey, and providing data related to surveys in accordance with international standards.

Another significant target is to set up a center for food security research, a significant matter considering projected food shortages worldwide, partly caused by Russia’s war on the Ukraine. The two countries are considered among the world’s top wheat exporters.

Fares Al-Braizat, chairman of NAMA Strategic Intelligence Solutions, told Jordan News that the modernization vision “will improve the economic situation in the country by doubling the GDP within 10 years and creating 1 million new job opportunities by 2033.”

Braizat said that “nearly three-fourths of the investment required to achieve that growth will come from the private sector and partnerships between the public and private sectors, while the remaining one-fourth will come from regular public expenditure by the government.”

“This vision will be followed up on by the Royal Court through monitoring, evaluation and learning,” he said. He explained that there will be a “mirror unit” set up at the prime ministry and in every institution involved in the implementation of the vision.

“There will be regular reports on progress and learning throughout the process, where feedback is going to be instant and it will be discussed with the concerned institutions,” he pointed out.

Former Minister of Finance Ezz Al-Deen Al-Kanakreyye told Jordan News that “this vision is very important, especially since it deals with current challenges, while addressing the future”.

He said that the vision is based on several foundations and takes into account the main objectives, which include promoting growth and creating job opportunities.

In the first phase, he said, “recommendations had been endorsed, and the important thing now is to move on to the implementation phase.”

“It is important the vision is under the auspices and supervision of the Royal Court”, he said, noting that this improves its chances for success.

He labelled the vision as representative of “the pulse of the street” because it was designed by representatives of different sectors.

Culture Minister Haifa Al-Najjar said the vision is a “reawakening” that allows Jordan “today to see a beautiful view of the future.”

She stressed the importance of having a “participatory, positive and safe culture that gives hope to citizens. In addition to the importance of having hope and action simultaneously to see this visiting materializing.”

Amman Mayor Yousef Al-Shawarbeh said that the significance of the vision lies in the presence of solutions to challenges that we faced during the past 10 years. He stressed the importance of finding “real solutions, not just continuing to talk about challenges”.

He said the importance of the vision is manifested in the existence of cooperation between the public and private sectors. “This is a real driver to secure job opportunities” and that “our duty lies in maximizing opportunities and addressing weaknesses.”

Environmental and climate analyst Batir Wardam said the plan realizes “the great potential given by the green economy in creating jobs and in cementing sustainable growth.”

Sulaiman Al-Farajat, chairman of Petra Development Tourism Regional Authority, said that “one of the things that give us optimism about this vision is that it is a royal idea and will be pursued royally through the Royal Court, and therefore it transcends governments.”

“It is necessary to combine all efforts to get out of the current situation and create job opportunities,” he added.

Awni Kawar, president of Jordan Inbound Tour Operators Association, said the outcome of the vision is in line with “the aims of the UN’s  Sustainable Development Goals, and therefore I can say that I am really optimistic about it and I believe that it will contribute to the revival of the economy.”

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