Jordan Showcases Investment Gateway at Singapore Forum, Highlights $50 Trillion Market Access
- Jordan emphasizes its access to a $50 trillion economy at a recent forum.
- Minister Gharaibeh highlights the strategic advantages of investing in Jordan.
- Jordan’s growing sectors include ICT, pharmaceuticals, and green energy.
- Renowned investors assert the potential of Jordan’s fertilizer industry in global agriculture.
- Strong public-private partnerships are being forged to attract investment to Jordan.
Jordan Positioned as Key Investment Gateway Especially in Asia
Investment Minister Mothanna Gharaibeh was in Singapore recently, where he presented Jordan as a key investment hub at a forum titled “Jordan: Your Gateway to Human Talent, Competitive Costs, Resilience, and Global Markets.” During the forum, which took place on Wednesday and was organized in partnership with the Arab Bank and the Jordanian Embassy, he stressed Jordan’s potential for investors, particularly highlighting the access to economies with a staggering combined GDP of $50 trillion via free trade agreements and bilateral ties.
Strategic Infrastructure and Economic Growth Highlighted
Gharaibeh pointed out that the geographical advantage and solid infrastructure of Jordan allow it to be an entry point to various markets. He also mentioned the significance of the Kingdom’s contributions to global food security through its fertilizer sector, in addition to burgeoning domains such as food processing, pharmaceuticals, and electronics. Furthermore, the minister noted that the country’s ICT sector has seen a remarkable 19 percent annual growth in digital employment, citing Singaporean companies that have made Jordan a base for their global expansion efforts.
Sustainable Development and Future Cooperation Emphasized
The summit underscored the necessity of Jordan’s diplomatic missions, as mentioned by Ambassador Samer Naber, which are essential in facilitating investment through their established networks. Addressing the forum, Naber outlined Jordan’s green energy initiatives, national climate policies, and the commitment to reducing carbon emissions through finalized green bonds. Arab Bank’s CEO, Randa Sadik, reaffirmed the bank’s dedication to boosting investment opportunities in Jordan, stating the banking sector’s pivotal role in economic growth and sustainable development. Gharaibeh concluded his visit with meetings planned with high-level officials from Singapore’s trade and industry sectors and sovereign wealth funds to enhance bilateral economic cooperation.
In summary, the recent forum in Singapore successfully showcased Jordan as a promising investment hub with broad market access and a commitment to sustainable development. Key highlights from the event included the Kingdom’s strategic location, growing sectors including ICT and green energy, and strong public-private partnerships aimed at boosting investment. As Jordan continues to implement the Economic Modernization Vision, it may well establish itself as a vital player in the global market.
