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Transport and logistics sectors key to Jordan’s economic vision, minister says

By : JD

Jordan Daily – Ministry of Investment held a consultative session on Wednesday with more than 30 companies in the transport and logistics sector to discuss new investment opportunities, the ministry said in a statement.

The session was part of the ministry’s efforts to achieve the goals of the Economic Modernization Vision (EMV) a 10-year plan launched by King Abdullah II to double the country’s economic growth rate and create a million jobs.

Investment Minister Kholoud Saqqaf said the transport and logistics sector is a key driver and enabler for many vital sectors that are targeted in the EMV , such as infrastructure projects in transportation, energy and water.

She also highlighted the reforms that the ministry has undertaken to improve the business environment and attract local and foreign investments, such as approving the Investment Environment Law, launching the General Investment Policy and issuing the Public-Private Partnership (PPP) Law.

Saqqaf added that the ministry is working on preparing draft regulations for the PPP projects to provide a supportive and attractive environment for investment.

She announced that the ministry has identified 36 diverse investment opportunities, worth $1.4 billion, based on sectoral and geographical aspects , noting these opportunities covered 17 promising and priority economic sectors that would benefit from investment privileges, in addition to PPP projects.

These opportunities can be viewed through the ministry’s website, which was launched in July last year, the minister pointed out.

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