King Abdullah Prioritizes Foreign Investment for Jordan’s Economic Growth

On November 13, 2024, King Abdullah asserted that attracting foreign investment is a crucial goal for Jordan’s economy, emphasizing plans for administrative modernization and the Economic Modernisation Vision. The meeting included investors from multiple sectors, all highlighting their positive experiences in Jordan and their potential for future investment. The aim is to draw $18 billion in foreign direct investment by 2033 to boost economic growth.

On November 13, 2024, during a significant meeting at Al Husseiniya Palace, His Majesty King Abdullah emphasized the paramount importance of attracting foreign investments to strengthen the Jordanian economy. Alongside HRH Crown Prince Hussein, the King reiterated the Kingdom’s commitment to enhancing the business landscape by implementing administrative reforms aimed at facilitating operations for investors. This initiative aligns with Jordan’s Economic Modernisation Vision, which seeks to leverage the Nation’s unique strengths to foster economic growth and create job opportunities. The attendees of the meeting comprised diverse representatives from various sectors, including transport, logistics, energy, and healthcare. Noteworthy participants included major companies from Saudi Arabia, the United States, France, Denmark, and China, among others. The discussion highlighted success stories of existing investments in Jordan, with investors expressing their enthusiasm for future opportunities. The Economic Modernisation Vision aspires to attract $18 billion worth of foreign direct investment by 2033, further supporting sustainable growth in the region.

The urgency for foreign investment in Jordan stems from the need to invigorate the economy and create employment opportunities. King Abdullah’s administration has prioritized administrative reforms that aim to create a more conducive business environment. The Economic Modernisation Vision outlines a strategic framework that aims to encompass various sectors, ranging from energy to healthcare, thereby attracting a diverse range of international investors willing to invest in the Jordanian market.

In conclusion, His Majesty King Abdullah’s recent remarks underscore Jordan’s strategic efforts to foster foreign investment as a cornerstone of economic development. The focus on administrative modernization and the ambitious Economic Modernisation Vision illustrate the Kingdom’s intent to cultivate a robust and sustainable economic environment. By aiming to attract significant foreign direct investment, Jordan seeks to create jobs and enhance its competitive position on the global stage.

Original Source: jordantimes.com