Gov't Realises 82% Of EMV's Executive Programme Priorities In 2023 - Minister

(MENAFN- Jordan Times) AMMAN - Investment Minister
Kholoud Saqqaf announced on Monday that the ministry has successfully achieved 82 per cent of the priorities of the Economic Modernisation Vision (EMV)'s Executive Programme for the investment
sector in 2023.

Saqqaf also noted that the government
has implemented a series of economic reforms to align with the demands of global economic growth, the Jordan News Agency, Petra, reported.

She also said that the ministry has finalised the executive plan for the investment
promotion strategy and launched the“Invest in Jordan” promotional investment
platform, showcasing 36 investment
opportunities with a total value of JD1.4 billion.

The ministry has also prepared 17 profile files for various investment
economic sectors and completed the automation
of all comprehensive investment
services, she added.

Saqqaf also emphasised that the EMV serves as a ten-year roadmap aiming to unlock the potential of the Jordanian economy to achieve an annual economic growth rate of 5.6 per cent and the creation of one million new job opportunities.

She also highlighted the positive economic indicators of 2023, including a 2.7 per cent growth in the GDP
during the first three quarters and a 10 per cent decrease in the trade deficit, bringing it down to JD9.3 billion, adding that the ministry attracted foreign direct investment
worth JD673 million.

The minister also said, "Despite a decline in credit ratings in several regional countries, the Kingdom has maintained its credit rating, underscoring the resilience of the Jordanian economy and its effective response to challenges and developments."

Saqqaf pointed out that the Investment Environment Law has, for the first time, permitted the establishment of investment
funds, with the first investment
fund being registered as the largest Jordanian investment
fund in the Kingdom in terms of authorised capital, amounting to JD275 million, fully owned by Jordanian banks.

Saqqaf said that the total volume of investment
s benefitting from the law in 2023 exceeded JD1 billion. The trade sector saw an investment
of approximately JD184.5 million, accounting for 17 per cent of the total. Investments in the tourism, hospitals, and medical centres sectors reached JD 59.8 million and JD59.7 million respectively, each accounting for 6 per cent. The remaining sectors and economic activities constituted 9 per cent of the total investment

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Jordan Times

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