Amman– Minister of Investment Tariq Abu Ghazaleh affirmed that Jordan continues to implement the Economic Modernization Vision within its ten-year roadmap, enabling successive governments to build on previous achievements, enhance integration across sectors, and ensure the sustainability of economic gains.
Speaking during a high-level dialogue session organized by the European Commission in Brussels on Monday to highlight Jordan’s investment environment and competitive advantages, Abu Ghazaleh said that Jordan “is moving forward on new foundations” focused on strengthening the role of the private sector through partnerships, facilitating the ease of doing business, and offering attractive incentives to ensure successful and sustainable investments.
He explained that the vision is built around eight growth drivers, most notably the “Invest in Jordan” pillar, which highlights investment and employment opportunities and economic openness, in addition to the launch of high-level sectoral investment opportunities during the current year.
The minister underscored Jordan’s strategic location as a key asset not only as a domestic market, but also as a gateway to global markets, noting that the Kingdom benefits from extensive trade agreements covering 140 countries, alongside 49 bilateral agreements for the promotion and protection of investment and 39 agreements to avoid double taxation.
Abu Ghazaleh noted that recent amendments to the Investment and Environment laws have provided greater flexibility and enabled the government to respond more swiftly to private sector needs. He added that foreign direct investment has increased by 30 percent compared to the previous year, while foreign reserves stand at approximately $26 billion and gross domestic product is estimated at around $57 billion.
He emphasized Jordan’s forward-looking approach toward sustainability and renewable energy, explaining that projects launched in the early 2000s are now yielding tangible results. Jordan, he said, aims to double its share in this sector, while continuing exploration activities in the Risha natural gas field, which remains open to private investment.
Abu Ghazaleh also noted that the Kingdom is working to enhance future energy storage capabilities through battery storage and pumped hydro storage, pointing to the launch of two major projects this year. He added that wind power generation projects are being expanded, alongside ongoing efforts to produce green hydrogen in cooperation with 14 countries worldwide.
On business infrastructure, the minister highlighted the presence of around 20 major development zones specialized geographically and sectorally, supporting supply chain integration, reducing investment costs, and enhancing the competitiveness of manufactured products.
Abu Ghazaleh stressed that Jordan possesses significant natural resources, including phosphate and potash, and hosts a large number of multinational companies that contribute to employment and serve regional and international markets through their operations in the Kingdom.
In the transport and logistics sector, he pointed to the development of toll road systems, light rail projects, and the dry port to strengthen infrastructure and mobility. He also highlighted investment opportunities in mining, agriculture, and water sectors to support food security and sustainability.
On urban development, the minister noted that Jordan is moving toward establishing a new city to alleviate population pressure, with the first phase comprising four major projects to be implemented over the next three years
