AMMAN — The
UN in Jordan welcomed
the launch of Jordan’s Economic Modernization Vision as part of its
socio-economic reform agenda to accelerate the realization of the Kingdom’s
Sustainable Development Goals.
اضافة اعلان
The UN has
been a long-standing partner to the
Jordanian government and its people, and it
stands ready to support the Kingdom’s efforts in implementing this 10-year
blueprint, according to a press statement.
“We are
currently in the process of developing the new Cooperation Framework for the
years 2023–2027 in partnership with the government of Jordan. The process
provides an opportunity for aligning priorities under the cooperation framework
to support the new economic vision”, said UN Resident Coordinator and
Humanitarian Coordinator
Ghulam M. Isaczai.
The vision aims to attract JD41 billion in
investments and financing over the next decade. The annual investment rate
between 2022 and 2033 stood at about JD3.5 billion.
The vision relies on three main funding sources:
government, foreign, and domestic financing, but it aims to reduce the demand
for government financing.
The estimated value of investments and partnership
projects is about JD30.3 billion, or 73 percent of the total value of the
required funding, while the expected government funding is about JD11.1
billion, or 27 percent.
The expected volumes of investments per sector are
JD4.5 billion for the health sector, JD3.1 billion for the transport and
logistics sector, and JD2.5 billion for the communications and information
technology sector.
The vision aims to attract JD41 billion in investments and financing over the next decade.
The expected volume of investment in the water and
textile industries is JD2.4 and JD2.2 billion, respectively, while the expected
investment in the tourism and chemical industries is about JD2.7 billion each.
Jordan intends to raise the investment volume in the
mining sector to JD1 billion in the upcoming decade, and it is expected that
investments in the energy, education, and food industries sectors will reach
about JD1.8 billion each. The agriculture and food security sectors are
expected to attract JD1.3 billion in funding.
The expected investment volume for creative
industries, financial services, and trade is JD2.1 billion, the pharmaceutical
industry is JD1.1 billion, and the engineering industry is JD0.4 billion.
The vision extends over a period of ten years and is
implemented in three phases: the first is from 2022 to 2025, the second is from
2026 to 2029, and the third is from 2030 to 2033.
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