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47/ PM: Jordan holds 'promising' economic opportunities despite challenges
Amman, Sept. 9 (Petra) - Prime Minister Jafar Hassan said on Wednesday that Jordan "holds promising economic opportunities that outweigh challenges," noting that major strategic projects will drive further local and foreign investment. Chairing an Investment Council meeting, Hassan said development, industrial, and free zones are "vital drivers" of job growth and economic development across the Kingdom's governorates. He pointed to mega projects driving the country's positive economic indicators, including the Aqaba Port Railway, the Ma'an–Aqaba dry port, the National Water Carrier, and Risha gas field development. To maximize these ventures, Hassan announced a "new" government policy requiring all public investment projects to have at least 30 percent local partnership. Looking ahead, Hassan noted preparations for the upcoming Jordan-EU Investment Conference, set to take place at the Dead Sea in November, as well as efforts to capitalize on His Majesty King Abdullah II's recent visit to China to expand foreign trade partnerships. Minister of Investment Tariq Abu Ghazaleh outlined ongoing initiatives under the Economic Modernization Vision, including recent regulatory updates designed to streamline business licensing, accelerate approvals, and support digital transformation. He also revealed the ministry is drafting the 2026 Investment Funds Law to establish a unified framework for attracting regional and international capital. //Petra// HA
09/09/2026 17:19:03
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