Minister of Investment from Brussels: Jordan Launches Major Sectoral Opportunities; FDI Growth Exceeds 30%
Minister of Investment: Jordan Is a Gateway to 140 Countries, with Modern Agreements Granting Broad Flexibility to the Private Sector
اضافة اعلان
Minister of Investment Tareq Abu Ghazaleh affirmed that Jordan is continuing to implement the Economic Modernization Vision under its ten-year plan, ensuring the accumulation of achievements across successive governments to enhance sectoral integration and sustain growth.
Speaking during a dialogue session organized by the European Commission in Brussels on Monday, Abu Ghazaleh said the Kingdom is moving forward on new foundations focused on empowering the private sector through partnerships, easing the business environment, and offering attractive incentives.
Growth Drivers and Investment Attraction
The minister explained that the vision is built on eight growth drivers, led by the “Invest in Jordan” pillar, which opens new horizons for job creation and economic openness. He announced the launch of high-level sectoral investment opportunities during the current year.
He pointed to Jordan’s competitive advantages as a gateway to global markets, supported by trade agreements covering 140 countries, 49 investment protection agreements, and 39 agreements to avoid double taxation.
Economic Indicators and Legislative Development
Abu Ghazaleh revealed that recent amendments to the Investment and Environment Laws have provided greater flexibility in meeting investors’ needs. He noted that foreign direct investment rose by 30% compared with the previous year, while foreign reserves reached approximately $26 billion and GDP stood at around $57 billion.
He emphasized Jordan’s strategic move toward green hydrogen in cooperation with 14 countries, alongside doubling renewable energy and energy storage projects, and continuing to open investment opportunities in the Risha gas field.
Infrastructure and Urban Development
On infrastructure, the minister highlighted the presence of 20 specialized development zones that support supply chains, in addition to the development of the transport sector through toll roads and light rail projects.
Abu Ghazaleh concluded by pointing to the urban development pillar, noting that the Kingdom is moving toward establishing a new city, with its first phase comprising four major projects to be implemented over the next three years.
