EMV selects 9 initiatives worth JD66 million for 2023-2025

AMMAN — The Economic Modernisation Vision's executive programme has announced nine initiatives for the 2023-2025 period at a total cost of JD66 million, JD18 million of which will be utilised in 2023.

As part of the initiatives, the government's recently-issued programme has identified 31 priorities in sectors related to urban development and quality of life, the Jordan News Agency, Petra, reported.

Regarding urban development, the initiative encourages investment and partnership with the private sector in urban development projects that seek to prepare designs and documents, and refer the tender for establishing and improving markets in Amman and Irbid to concerned municipalities.

Another initiative aimed at enhancing the use of urban planning tools includes updating the Ministry of Local Administration's 2007 land use map at the national level, in addition to preparing and approving the Ministry of the Interior’s legal framework for managing hazardous materials.

The executive plan also includes a plan to improve Jordan's rank in the Legatum Prosperity and Quality of Life indices in 2023, supported by the Ministry of Planning and International Cooperation.

The executive programme is the practical implementation of the Economic Modernisation Vision, including priority initiatives, projects, policies and procedures to be implemented by various ministries and government institutions.

The priorities document for 2023-2025 will serve as a starting point for subsequent executive programmes, and a basis for reaching the goals set by the 2033 Vision for Growth. The priorities are also expected to provide job and investment opportunities.

The executive programme includes 183 initiatives — selected from among 380 initiatives — that will be implemented via 418 priority points at a total cost of JD2.3 billion through the end of 2025, JD670 million of which will finance initiatives this year. 

The programme sets macroeconomic targets for 2025, like raising the GDP growth rate at constant prices to 3 per cent, gradually increasing the volume of exports to JD9.713 billion and raising net foreign direct investment to JD1.092 billion.