Jordan 2025 - what should we expect?
Healy Consultants Group PLC
08 September, 2015
Jordan takes pride in its planned economic programme aiming to boost confidence and economic growth in the country. The plan presented by King Abdullah II and Prime Minister Abdullah Ensour is known as Vision 2025 and will target weak economic sectors, target and reduce unemployment, and aim to increase the GDP of the Arabic nation.
The first step will be the short-term development program between 2016 and 2018. After this initial stage is complete in three years' time, the plan will be evaluated and optimized.
Jordan already enjoyed stable economic growth ranging from 20.3% to 20.8% between 2009 and 2013. However, the targeted GDP growth is significantly higher and the suggested plan should secure higher and more stable numbers.
Under the plan, trade with neighbouring countries and large international partners should increase by 8% by 2025. Increase in trade should reduce the budget deficit and Government debt to more manageable and controlled levels, attractive to foreign entrepreneurs.
Lastly, as part of Vision 2025, Jordan's National Competitiveness and Innovation Committee will establish cluster coordination committees to support competitiveness and coordinate the industrial development of the nation. Consequently, sectors like agriculture, industry and construction will receive strong public support.
For more information about Jordan company setup options and to schedule a conference call, email our country experts at email@healyconsultants or call them on +65 6735 0120
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