A state cannot enter a new centenary without a prominent
headline that introduces a new economic stage, focused on protecting investors
and assuring them of strategic, and economic security.
اضافة اعلان
The government is responsible for kick starting a revolution
in the world of investment. Some weeks ago, the prime minister spoke of his
intention to instigate a shift in the investment mindset, which does not only
entail correcting existing measures, but also developing an investment roadmap
that supports national security and stability.
The national economy is entering its second centenary, but
is reeling from the ongoing aftermath of
COVID-19, which has struck the
national economy at its core and left bruises that will not heal easily, across
a number of sectors and segments. But will the national economy remain victim
to COVID-19, merely awaiting its disappearance, all while going through a stage
of recession?
The crisis at hand requires administrative and corrective
measures pertaining to investment, ones which require the government to stay on
top of its priorities and commit to the timely evaluation of the entire
investment process.
The economy is entering the centenary while struggling with
one of the worst periods of water shortage in decades, which means this will be
a harsh summer for everyone. The only viable radical solution to this problem
that threatens society’s stability is desalination projects, which have been
delayed by various governments for reasons that can only be classified under
administrative inefficiency.
Much of the aid that
Jordan has received could have been a
considerable drive towards completing this project, which would resolve
Jordan’s water problem at its roots and open the door for private investment
projects in sectors closely tied to food security, and that focus on
self-reliance. This way, the agricultural sector would witness notable growth
and its productivity would increase, as a result of seawater desalination
project.
The petroleum refinery expansion project, which is
considered a cornerstone of the national economy and a necessity for the energy
sector’s strategic security and self-reliance, is going to be the decisive
factor in any attempt to attract investment for various sectors in the near
future.
The same applies to transport projects that we still read
and hear about in statements and government speeches, without actually seeing
them on the ground, which despite their importance, have either made no
progress or extremely slow progress.
The water, energy and transport sectors offer basic
sustainable services that will be needed in the upcoming stage. The state
cannot proceed with plans to develop economic and investment sectors without
making drastic changes to those sectors, all of which require a firm government
stance to oversee investment priorities within set timeframes and to establish
an economic structure capable of serving generations and sustaining the
much-delayed growth to our existing resources.
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