- Minister of Investment Gharaibeh highlights Jordan’s strategic position for investors.
- Jordan provides access to a $50 trillion economy through various agreements.
- Key sectors like ICT and agriculture pose significant investment opportunities.
- Ambassador Naber discusses Jordan’s green energy and climate strategies.
- The Arab Bank supports efforts to promote Jordan’s investment environment.
Jordan’s Strategic Investment Opportunities for Global Investors
In a bold move to attract global investment, Jordan’s Minister of Investment Mothanna Gharaibeh took center stage at an economic forum in Singapore. He passionately highlighted that Jordan provides an unparalleled gateway, granting investors access to a staggering combined GDP of $50 trillion through a web of free trade and bilateral agreements that spans continents. This forum, aptly titled ‘Jordan: Your Gateway to Human Talent, Competitive Costs, Resilience, and Global Markets,’ took place amidst strong participation from various global economic players such as companies, sovereign wealth funds, and other key economic institutions. Gharaibeh’s remarks emphasize how crucial these international relationships are for promoting Jordan as a competitive investment destination.
A Dynamic Environment for Investors and Economic Growth
Jordan’s advantageous geographic location, paired with a robust infrastructure, serves as a lynchpin for market access to neighboring economies. Moreover, Gharaibeh emphasized the vital role that Jordan plays in the global food security narrative, notably through its fertilizers. Alongside this, several emerging sectors including food processing, pharmaceuticals, apparel, and electronics are increasingly putting Jordan on the investment map. The Minister also pointed to the impressive 19 percent yearly growth in digital jobs within Jordan’s ICT sector, bolstered by the interest expressed from Singaporean companies who consider Jordan as a hub for regional and global operations.
Leveraging Diplomatic Networks and Green Investments
Accompanying Gharaibeh at the forum was Jordan’s Ambassador to Singapore, Samer Naber, who shed light on the critical role of diplomatic missions in promoting access to investment opportunities. By leveraging their networks, these missions connect local and foreign investors, alongside private and sovereign funds. Naber elaborated on Jordan’s green energy strategy and outlined several ongoing alternative energy projects that are part of the national climate policy for 2022–2050, emphasizing the need to reduce carbon emissions. The discussions also focused on harnessing Singapore’s partnerships and expertise to boost investments in this sector specifically for Jordan and the broader Middle East region.
The economic forum in Singapore served as a vital platform for Jordan to showcase its investment potential, underlining the Kingdom’s extensive GDP access and unique advantages such as a skilled workforce and strategic market access. The commitment from key stakeholders including the government and the Arab Bank indicates strong efforts to bolster investment opportunities in Jordan’s diverse sectors. Through ongoing dialogue and engagement with international investors and partners, Jordan is positioned to further its aspirations as a regional industrial hub and an investment destination of choice.
