AMMAN — The
government announced it would begin implementing mega ventures and partnerships
with the private sector under the
economic modernization executive program.
These projects will come at a volume of more than JD10 billion.
اضافة اعلان
Prime Minister Bisher
Al-Khasawneh asked relevant ministries and entities to start implementation to
meet the program's "ambitious" goals within the set timelines, the
Jordan News Agency, Petra, reported.
Deadlines and performance
reviews of the project will also be conducted, he said, adding that they will
be through an electronic achievement tracking system.
The executive program, said
Khasawneh, is a national endeavor with "feasible and realistic
goals". It is a roadmap for the national economy over the next 10 years,
he added.
Cost division The program's total
cost is estimated at JD10.47 billion, of which JD10 million will be allocated
for the management and operation of a multi-purpose port within the New Aqaba
Port area.
Around JD50 million will be
allocated for managing and operating King Hussein International Airport in
Aqaba, and JD290 million for establishing a medical university through the
Saudi-Jordanian Fund.
A green hydrogen and green
ammonia production facility will also be launched and will cost JD4 billion. Meanwhile,
the water desalination and conveyance project (
The National Carrier) will cost
an estimated JD3 billion.
The executive program
also incorporates a national railway network, the first phase of which is the
Aqaba–Amman railway, at the cost of JD1.9 billion. The Jordan–Iraq electrical
interconnection project will cost around JD30 million, and the Jordanian-Saudi
electrical interconnection project JD39 million.
The electrical
interconnection capacity between Jordan and Egypt is also set to increase to
1,100 megawatts.
Fifteen schools will also be
created in partnership with the private sector at the value of JD46 million as
part of the project. The Amman-Zarqa Bus Rapid Transit (BRT) project will also
be established at the value of JD140 million.
The King Hussein Crossing
Bridge will have a new freight and passenger facility at the value of JD225
million. The Aqaba Container Terminal will be rehabilitated and developed at
the cost of JD300 million. And road charge projects will cost JD40 million.
Improving global rank At the core of the
economic modernization scheme are investment priorities and initiatives,
foremost of which is improving Jordan's rank in global reports, said
Khasawneh.
This year began with action
plans to improve the Kingdom's rank in the Global Competitiveness Report; the
Regulatory Restrictiveness Index, which measures statutory restrictions on
foreign direct investment; the global sustainable competitiveness index, and
the women, business, and the law index.
It also puts in place
legislation on environmental protection and draws up the national investment
strategy.
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