PM inaugurates interactive meeting presenting progress of EMV 2023-2025

AMMAN — The Economic Modernisation Vision (EMV) aims to raise the economic growth rate to 5.5 per cent, provide 1,000,000 job opportunities within the span of 10 years and attract investments worth JD41 billion, Prime Minister Bisher Khasawneh announced on Saturday.

During the inauguration of the interactive meeting to present progress on the EMV’s 2023-2025 executive plan, Khasawneh described these goals as “ambitious and difficult at the same time, given the state of global economic uncertainty”.

The interactive meeting was held with participation of economic leaders representing legislative and executive authorities, the private sector, civil society and partners concerned with implementing the Vision, the Jordan News Agency, Petra, reported.

According to the prime minister, the executive plan was created using a participatory and flexible approach, in line with the comprehensive political, economic and social modernisation plans.

Achieving the goals of the EMV necessitates a “real partnership” among its creators, including business, industry, trade and investment sectors, dignitaries, deputies, economists and the media, Khasawneh said, stressing that achieving the goals of the vision requires a clear understanding of the nature of the challenges Jordan faces, as its economy is linked to regional conditions and the global economy.

He also indicated that relevant ministerial teams and a number of ministers concerned with implementing the executive plan referred a detailed monthly map to His Majesty King Abdullah clarifying the targets to be achieved in each sector. 

Highlighting the completion of legislative reform as part of the political modernisation plan by approving the election and political party laws along with relevant constitutional amendments, Khasawneh noted that the upcoming elections will be held on the basis of the new reforms.

He also underlined that the government is currently working on implementing programmes related to increasing women and youth’s political participation, and breaking taboos related to joining national political parties.

Focusing on Jordan Gate Towers in Amman and the government's intervention in this regard, the prime minister said that the government will interfere in some stalled investments if necessary.

Khasawneh also indicated that the EMV’s executive programme aspires to achieve specific targets by the year 2025, such as raising the economic growth rate by a “safe and realistic” rate of up to 3 per cent, increasing the volume of exports by a value of more than JD1.2 billion and raising per capita GDP by more than JD620 million, to reach JD3.982 billion in 2025.

The plan also seeks to achieve over JD1 billion in foreign investments, he said, indicating that the growth of investments in 2023 has exceeded 94 per cent compared to 2021.

The Kingdom attracted approximately JD601 million in investments, he said, adding that Jordan aims to raise it to more than JD750 million this year.

The prime minister indicated that the executive plan also seeks to improve Jordan's rank in 15 indicators.

Turning to tourism, Khasawneh said that starting from the month of Ramadan, there will be an extensive calendar for tourism events, including entertainment and cultural activities, stressing that such events provide necessary stimulus to the economy.