According to an official document released on Monday, Jordan plans to attract investments totaling around $2.5 billion in new projects from Saudi Arabia and various other countries from 2023 to 2026.
The document, published by the Arabic newspaper Alghad, reveals that the government’s Investment Council approved this strategy in late May, with a focus on sectors such as light industries, tourism, chemicals, and information technology.
The strategy, developed in collaboration with the World Bank, aims to attract investors from neighboring Saudi Arabia, as well as other Gulf states including the UAE, Kuwait, and Qatar, in addition to India, China, Japan, the US, Canada, and Germany.
The report indicates that this strategy forms part of an economic vision that seeks to bring in capital inflows of $43 billion over the next decade.
Earlier this week, Egypt and Jordan signed a deal that grants the latter access to the LNG floating storage regasification unit (FSRU) stationed at Sheikh Sabah port in Aqaba.
The primary objective of the agreement is to maximise the resources of both countries with enhanced efficiency and reduced costs, according to a statement from Egypt’s Ministry of Petroleum and Mineral Resources.
