Investment Minister Tariq Abu Ghazaleh affirmed that Jordan continues to implement its economic modernization vision under its ten-year plan, enabling each successive government to build on previous achievements, strengthen sectoral integration, and ensure the sustainability of economic accomplishments.
اضافة اعلان
He made these remarks during a high-level dialogue organized by the European Commission in Brussels on Monday, highlighting Jordan’s investment environment and advantages. Abu Ghazaleh noted that Jordan “will move forward on new foundations” focused on enhancing the role of the private sector through partnerships, easing business operations, and providing attractive incentives to ensure successful and sustainable investments.
The minister explained that the vision is based on eight growth drivers, most notably the “Invest in Jordan” pillar, which emphasizes investment and employment opportunities as well as economic openness, alongside launching high-level sectoral opportunities throughout the current year.
He highlighted Jordan’s strategic location as a key factor, not only as a local market but as a gateway to global markets. Jordan enjoys extensive trade agreements covering 140 countries, in addition to 49 bilateral investment protection and promotion treaties and 39 agreements to avoid double taxation.
Abu Ghazaleh noted that recent amendments to investment and environmental laws have provided greater flexibility and faster government response to private sector needs. Foreign direct investment has risen by 30% compared to the previous year, foreign reserves stand at approximately $26 billion, and GDP reaches around $57 billion.
He emphasized Jordan’s future-oriented focus on sustainability and renewable energy, noting that projects launched in the early 2000s are beginning to yield results. Jordan aims to double its share in this sector while continuing exploration in the Risha natural gas region, which remains open for private investment.
The country is also enhancing future energy storage, including battery and hydroelectric storage, with two major projects set to launch this year. Wind energy projects are expanding, and efforts to produce green hydrogen continue in collaboration with 14 countries worldwide.
Regarding business infrastructure, Abu Ghazaleh pointed out that there are around 20 main development zones, geographically and sectorally specialized, supporting supply chain integration, reducing investment costs, and enhancing the competitiveness of manufactured products.
He added that Jordan possesses important natural resources, including phosphate and potash, and hosts numerous multinational companies that contribute to employment and serve regional and international markets from their offices in the kingdom.
In transport and logistics, Abu Ghazaleh highlighted developments in the toll road system, light rail, and inland port infrastructure to improve mobility. He also noted opportunities in mining, agriculture, and water to support food security and sustainability.
On urban development, the minister said Jordan is planning a new city to ease population pressure, with the first phase including four major projects over the next three years.
