Economic Growth

Future Economic Growth Strategy

One of the two strategic pillars of the Economic Modernisation Vision is unleashing the full economic potential of Jordan over the coming decade, and focusing on emerging and high-growth potential sectors, which will lead to increased economic opportunities for citizens. This is outlined by three key economic strategic goals of the Vision, which are creating income-generating opportunities for citizens, enhancing the real capita per income, and improving Jordan’s ranking in the WEF Global Competitiveness Index.

Economic Growth Pillar Guidelines

To unleash the full potential of Jordan’s economy, the economic growth pillar is built on 8 guiding principles

Focus

Strategic growth engines at the center of our roadmap

Competitiveness

Utilizing our national advantages regionally and domestically

Alignment

Full match between skills demand and supply

Investments

Investment roadmap to stimulate growth

Exports

International markets driving growth

Linkages

Leveraging synergies across sectors, strength through network and value chains

Innovation

Tech-enabled economy and entrepreneurship

Inclusiveness

Economic growth linked to quality of life

Economic Growth Pillar Goals

Create Economic Opportunities for Jordanians
Objectives
  • Increase the number of jobs
  • Reduce unemployment among Jordanians
  • Reduce expat workforce
  • At least double female economic participation
  • Increase employment in the private sector
  • Expand and upgrade technical and vocational education and training
Create Sustainable and Inclusive Economic Growth
Objectives
  • Increase the average per capita income
  • Grow the economy
  • Diversify the economy
  • Scale up/grow potential growth sectors
  • Grow exports
  • Increase direct foreign investment
  • Increase domestic private investments
Strengthen Jordan’s International Competitiveness
Objectives
  • Enhance Jordan's international competitiveness
  • Enhance ease of doing business
  • Match skills demand and supply
  • Promote R&D and innovation
  • Promote entrepreneurship
  • Enhance quality of Jordan's infrastructure
  • Enhance FDI attractiveness
  • Curb corruption perception
  • Improve international IP protection
  • Reduce electricity prices for economic activities
  • Promote industrialization
  • Advance economic freedom
  • Improve gender gap in workforce
  • Advance female economic empowerment
  • Improve educational base and knowledge pool
  • Develop a globally competitive workforce
  • Enhance transport and logistics
  • Improve government effectiveness
  • Enhance the rule of law for business environment
  • Develop digital and transparent government services
  • Improve governance
  • Enhance SME enabling environment

Economic Growth Priorities

The economic growth priorities of the Economic Modernisation Vision are based on five growth drivers, owing to the interdependence among them

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High Value Industries

  • Agriculture & Food Security
  • Mining
  • Food products
  • Chemical products
  • Pharmaceuticals
  • Textile products
  • Engineered products
  • Logistics
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Smart Jordan

  • Early Childhood Development (ECD)
  • Basic and Secondary Education (K-12)
  • Higher Education
  • Technical and Vocational Education and Training (TVET)
  • Entrepreneurship
  • R&D and Innovation
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Future Services

  • ICT services
  • Creative industries
  • Financial services
  • Healthcare
  • Retail, Trade and E-Commerce
  • Transport and Mobility
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Destination Jordan

  • Culture & nature/ adventure tourism
  • Medical & wellness tourism
  • Faith tourism
  • Specialized Tourism
  • Film production tourism
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Sustainable Resources

  • Energy
  • Water

Vision Funding Sources

An overall investment of about JD 41 billion is required to achieve the Vision’s goals, with the majority driven by private investments (72%) coming from both domestic and foreign investments and public-private partnerships.

Drivers

Implementation Drivers

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