Centenary projects

Salameh daraawi
Salameh Darawi (Photo: Jordan News)
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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