Fayez lauds King's efforts to overcome Jordan's economic challenges

AMMAN - His Majesty King Abdullah II is working "continuously" to enable Jordan to address its economic challenges, provide a stimulating, attractive investment environment and build Jordan's economic partnerships with brotherly and friendly countries, Senate President, Faisal Fayez, said, according to Jordan News Agency, Petra.اضافة اعلان

Addressing the opening ceremony of Regional Investment Conference: "Challenges and Opportunities," on Thursday, Fayez said His Majesty spared no effort to increase Arab and international investments, in all his discussions with various world leaders, businesspeople and international companies CEOs, aimed to make Jordan an "attractive" investment environment.

He also referred to His Majesty's economic initiatives aimed at achieving comprehensive development, maintaining national food security, promoting national and foreign investments, and launching open economic policy, aimed to integrate into global economy and introduce Jordan's investment environment.

Fayez said Royal efforts strengthened Jordan's political, economic and commercial relations with many countries across the world and international and regional organizations and integrated sources of national economy globally.

The King's efforts culminated in signing many agreements that serve Jordanian economy's interest and increase investments, by placing the Kingdom on the global investment map and opening global markets to Jordanian investors, he noted.

In this regard, he said Jordan concluded free trade agreements (FTAs) with United States and Canada, in addition to partnership agreements with Europe.

Calling on Jordan's concerned authorities to develop "effective" economic plans, he said this process would set priorities, in a manner that would reflect "positively" on the citizens' lives and activate "true" partnership with the private sector, to agree on the required economic reforms, aimed to realize the desired growth and create job opportunities.

He stressed the need to develop a "clear" economic program, linked to specific timeframes for implementation, in partnership with the private sector, to achieve economic recovery, growth and employment levels necessary to revive economic activity and improve services provided to citizens.

In addition, he said governments' economic priorities should align with national goals, aimed to reduce poverty and unemployment, by launching cross-governmental plans.

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