Amman: Ministry of Investment on Wednesday organized a consultative session to discuss investment opportunities in the Kingdom’s transportation and logistics services sector, in presence of more than 30 companies operating in the industry.
The event comes as part of the ministry’s “unrelenting” steps to contribute to achieve goals of the Economic Modernization Vision (EMV) 2033 in exploring investment opportunities in all priority sectors, including the transportation industry, according to a ministry statement.
Speaking at the event, Investment Minister Kholoud Saqqaf said Jordan’s transport and logistics sector is considered a “driver and enabler for a large number of vital sectors with a high competitive” advantage that were targeted in the EMV 2033, especially major strategic and partnership projects between the public and private sectors, primarily infrastructure enterprises in transportation, energy, water fields.
The minister added that the EMV, which was launched under Royal directives, came to be
a “national road map” with “ambitious and realistic” standards over the next ten years.
Additionally, she said one of the EMV’s key goals is to double Jordan’s economic growth rate to 5.5% to address challenge of providing a million new job opportunities for Jordanians during the next decade by identifying drivers of comprehensive and sustainable employment and economic growth and setting basic foundations to support and strengthen economic sectors.
The minister also pointed to the key reforms that were taken to improve the Kingdom’s business environment and stimulate local and foreign investments, primarily approving Investment Environment Law and the related regulations and instructions, launching General Investment Policy, and issuing Public-Private Partnership (PPP) Law.
Work is now underway to prepare draft regulations for the PPP projects aimed to provide a “supportive” environment for existing investments and create “attractive” conditions for investment, she pointed out.
The minister said 36 diver
se investment opportunities, based on sectoral and geographical aspects, with an investment volume of $1.4 billion, were announced.
In this regard, she referred to 17 “promising” and priority economic sectors to benefit from investment priviliges, in addition to partnership public-private projects.
The minister noted these opportunities can be viewed through invest.jo, which the ministry launched in July last year
Source: Jordan News Agency