(MENAFN - Jordan News Agency) Amman, Aug. 20 (Petra) -- The ICT sector's representative at the Jordan Chamber of Commerce (JCC), Haitham al-Rawajbeh, called for a master plan to improve Jordan's rank on the Global Innovation Index, after the Kingdom this year dropped seven points to 86th place out of 129.
In a press statement on Tuesday, al-Rawajbeh underscored the need to review the Kingdom's innovation system, be it in education, infrastructure or legislation, and address the Achilles heel that led to the decline of its ranking on the index.
The Global Innovation Index provides detailed criteria of innovation performance in 129 countries around the world, and its 80 indicators explore a comprehensive vision of innovation in various areas, including the political environment, education, infrastructure and business development.
The report is published annually by Cornell University, the European Institute of Business Administration (INSEAD) and the World Intellectual Property Organization (WIPO), a UN specialized agency.
Al-Rawajbeh said that innovation is an engine that drives economic growth, especially in emerging economies, noting that the entrepreneurship and innovation sector in Jordan has a great potential for growth and is the future for the development of many different sectors.
He pointed out the importance of cooperation between the public and private sectors in order to strengthen the local innovation system, underlining the JCC's keenness for cooperation and sharing its expertise.
He also proposed the establishment of an institution concerned with innovation and entrepreneurship under the Ministry of Digital Economy and Entrepreneurship to ensure that swift action is taken to overcome obstacles in this field.
Al-Rawajbeh pointed to the importance of improving legislation to keep up with these developments, noting that improving the Kingdom's ranking in the index enhances the business environment and attracts investors.