King urges prioritizing investment opportunities based on EMV

(Photo: Royal Court )
AMMAN — His Majesty King Abdullah on Monday reaffirmed the importance of defining investment priorities in accordance with the Economic Modernization Vision and administrative modernization plans, as this year is dedicated to implementation, according to a Royal Court statement.اضافة اعلان

During a follow-up meeting on the government’s plans for investment at Al-Husseiniya Palace, King Abdullah noted that time is of the essence in regard to implementation.

At the meeting, attended by HRH Crown Prince Hussein, His Majesty stressed the importance of moving forward with promoting investment opportunities in target markets, to position Jordan as an attractive investment destination.

The King underscored the need for accelerating public-private sector partnership projects and finding new investment opportunities whose returns would contribute to economic growth.

Speaking at the meeting, Prime Minister Bisher Khasawneh gave a brief on the Investment Environment Law, which came into force recently, and the government’s efforts to continue introducing relevant legislation and regulations aimed at reducing bureaucracy and streamlining processes for investors.

He added that the investment ministry is undergoing a restructuring under the administrative modernization plan, with expected new hires that specialize in investment promotion and follow-up, adding that the ministry’s role will be the sole reference point for investors.

Investment Minister Kholoud Saqqaf noted that the government's investment promotion strategy (2023-2025), which will be launched soon, will include the ICT and related services sectors, as well as tourism and medical tourism, pharmaceuticals and bio-sciences, healthcare, the food industry, clothing and textiles, agriculture, logistics, mining, and chemicals.

Saqqaf said the “Invest in Jordan” online platform is slated for launch soon, and will include an interactive investment map, investment opportunities, public-private partnership projects, preliminary feasibility studies for potential investments, incentives granted in accordance with the law, sectoral factsheets, the competitive advantages of all sectors in the Kingdom, and an updated doing business guide.

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