Jordan: Leading the way to a brighter future

Page 1

| PAID ADVERTISEMENT | THIS IS AN ADVERTISING SUPPLEMENT PAID FOR BY AN ADVERTISER. MEMBERS OF THE EDITORIAL AND NEWS STAFF OF THE USA TODAY NETWORK WERE NOT INVOLVED IN THE CREATION OF THIS CONTENT.

Special Report

25th of May Special, National Day of Jordan

2022

Jordan

This report was produced by One World Media

Leading the way to a bright future By capitalizing on the country’s unique opportunities for global trade and tourism, Jordan is quickly becoming a dream destination for visitors and investors alike.

L

ast year, the Kingdom of Jordan announced a historic reshuffling of its investment policies and governing bodies designed to steer the country in the direction of greater interdependency and a more prominent role in a globalized world. Heading this effort was the creation of a new Ministry of Investment, entrusted with enlarging the nation’s potential as an investment destination and led by experienced corporate banker Mr. Khairy Amr. “Our idea is that Jordan is not limited by its landmass, but it is also an optimal gateway into a region and a world in a moment of transition”, Mr. Amr explains. Conceived as both a promotion body for investment in the country and as a regulatory body with full ministerial powers and cabinet representation, the Ministry is expected to stimulate economic growth, stabilize the economy, and enhance productivity. “A lot depends on the per-

« Jordan is not limited by its landmass, it is also an optimal gateway into a region and a world in transition. »

formance of this Ministry”, admits Mr. Amr. “All eyes are on us”. But he is up to the challenge. In fact, the Ministry has set out a detailed agenda of policies and strategies that redefine the nation’s economic role in the region and the ways in which it can contribute and benefit from it, in order to raise growth and productivity to meet the expectations. The heart of the agenda is addressing the cost of doing business and stabilizing the regulatory environment. Approximately since 2001, Jordan had been seeing a steady rise in FDI that after culminating in benchmark numbers around 2015, started to stall due to growing competitiveness in the region and later due to the Covid-19 pandem-

Location in the region

A country blessed by location

Jordan is at the heart of Middle Eastern geopolitics, culture, and history.

Crib of civilizations, touched by two seas, rich in sun and in wind, and a bridge between East and West, Jordan has all it requires to play a central role in the future of global affairs. AMMAN

STAFF Pablo Martinez Matosas CEO Leticia Cañas Project Director Diana García de la Rosa Project Coordinator Maricruz Rojas Felix Creative Director and Designer Matias Godoy Chief Editor Giangina Orsini Writer Agustin Godoy Lead Analyst Judith Miguélez Díaz Online Content Manager Ayesha Alina Copy Editor

ic. The key to retaking the lead is thus to focus on the after care of investors, that means addressing the many inputs that increase the costs of investing, such as energy and labor costs, financing, ease of doing business, speed of response and minimizing red tape. “All these issues contribute to increasing the cost of doing business, so that’s exactly what we are working on”, says Mr. Amr. By easing the way into its economy, investors will have unparalleled opportunities to benefit from Jordan’s main point of attraction, which is its role as a platform to enter a wide range of markets in the West, the Middle East and the Far East as well, through its many bilateral trade agreements. “We are solidifying Jordan’s posi-

MAIN DATA

DEAD SEA

Capital: Amman Population: 11,042,719 Official languages: Arabic GDP: 102 billion (2020 estimate) GDP growth 2021: 2.7 (Trading Economics) Currency: Jordanian Dinar (JOD) Yearly Visitors: 7 million (2019)

Museum of Humankind With six World Heritage Sites spanning over 3000 years, Jordan houses an important part of our shared history

GULF OF SUEZ

GULF OF AQABA

89,342 Km2/Area

Dead sea Earth’s lowest point

+100,000 archaeological tourist sites

Infographic by Maricruz Rojas

KHAIRY AMR MINISTER OF INVESTMENT

« We are solidifying Jordan’s position as a platform to access world economies and difficult markets with great potential. »

tion as a platform to service all these economies and to access difficult markets with great potential, such as Iraq and the Jordanian diaspora itself”, adds Mr. Amr. Yet the main selling point in Mr. Amr’s opinion is that the Jordanian government is very serious about providing the right conditions for investors and has gone to great lengths to enhance the speed and efficiency of doing business in the country. “Our philosophy is that as we seek new investors and work to open up new markets, we take care of investors in the country today as we take care of our own, they are our primary concern”. With a near-perfect climate for renewable energies, well-developed infrastructure and telecommunications, a well-educated, English-speaking workforce, and enviable geographic location, Jordan is already showing it can be a top player on the world stage, and that its potential is limitless. “Jordan has always been a destination for investment”, concludes Mr. Amr with pride, “but now you have a responsive, dedicated Ministry to guide you through every step of the process”


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.