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King urges prioritizing investment opportunities based on EMV…


AMMAN — His Majesty King Abdullah on Monday reaffirmed
the importance of defining investment priorities in accordance with the Economic
Modernization Vision and administrative modernization plans, as this year is
dedicated to implementation, according to a Royal Court statement.اضافة اعلان

During a follow-up meeting on the government’s
plans for investment at Al-Husseiniya Palace, King Abdullah noted that time is
of the essence in regard to implementation.

At the meeting, attended by HRH Crown Prince
Hussein, His Majesty stressed the importance of moving forward with promoting
investment opportunities in target markets, to position Jordan as an attractive
investment destination.

The King underscored the need for accelerating
public-private sector partnership projects and finding new investment
opportunities whose returns would contribute to economic growth.

Speaking at the meeting, Prime Minister Bisher
Khasawneh gave a brief on the Investment Environment Law, which came into force
recently, and the government’s efforts to continue introducing relevant
legislation and regulations aimed at reducing bureaucracy and streamlining
processes for investors.

He added that the investment ministry is
undergoing a restructuring under the administrative modernization plan, with
expected new hires that specialize in investment promotion and follow-up,
adding that the ministry’s role will be the sole reference point for investors.

Investment Minister Kholoud Saqqaf noted that
the government’s investment promotion strategy (2023-2025), which will be
launched soon, will include the ICT and related services sectors, as well as
tourism and medical tourism, pharmaceuticals and bio-sciences, healthcare, the
food industry, clothing and textiles, agriculture, logistics, mining, and
chemicals.

Saqqaf said the “Invest in Jordan” online
platform is slated for launch soon, and will include an interactive investment
map, investment opportunities, public-private partnership projects, preliminary
feasibility studies for potential investments, incentives granted in accordance
with the law, sectoral factsheets, the competitive advantages of all sectors in
the Kingdom, and an updated doing business guide.

Read more National news
Jordan News


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