By : staff writer
Jordan Daily – Dr. Nedal Malo Alein, Jordanian businessman , has put forward a series of proposals aimed at stimulating economic growth and development in Jordan. These suggestions, drawn from his observations and interactions across various economic sectors, offer a roadmap for fostering investment and modernization.
Among Dr. Malo Alein’s recommendations is the issuance of government bonds tailored specifically for investment in economic projects. These bonds, overseen by governmental bodies at various levels, would fund initiatives designed to drive economic and social development while generating revenue for the treasury.
Emphasizing the importance of ensuring these projects are economically viable and self-sustaining, Dr. Alein cautioned against burdening the treasury with additional debt.
Furthermore, Malo Alein advocated for the localization of investment, urging the establishment of national ventures to attract domestic capital before seeking foreign investment , cautioning against indiscriminate granting of citizenship to investors, citing potential long-term fiscal implications and the risk of capital flight.
In addition to these measures, Malo Alein proposed the establishment of investment funds managed by the Ministry of Investment in every municipality. These funds would finance developmental projects tailored to local needs, fostering economic growth and community development.
He also stressed the importance of revamping Jordan’s tourism sector, advocating for market liberalization and empowering the tourism industry to make independent decisions , calling for strategic collaboration between private sector representatives and tourism authorities at the provincial level to capitalize on the country’s diverse tourist attractions.
Moreover, he also highlighted the need to deregulate the energy market, promoting open competition among companies in providing energy services. He also underscored the importance of supporting small businesses, particularly those operating in local markets, as key drivers of economic activity and employment.
Finally, Dr. Malo Alein emphasized the pivotal role of the services sector, urging increased investment in digital economy initiatives and the regulation of e-commerce to enhance market efficiency.
