Raad Mahmoud Al-Tal

Three years ago, the Royal Hashemite Court launched the Economic Modernization Vision (EMV) to improve Jordan’s economy and make it stronger and fairer. Jordan faces many problems such as high unemployment, slow economic growth, and limited government funds. The Royal Court’s role is not just to oversee government work. It brings together the government, businesses, and society to discuss and find real solutions that meet people’s needs.

These talks focus on key issues like making it easier to do business and attract local and foreign investment. They also work on improving important areas like industry and farming and helping more people, especially young people and women, join the workforce. They want to reduce reliance on foreign workers who are not well regulated.

Another important goal of these discussions is to create a more balanced and fair labor market. Many Jordanians, especially in rural areas, struggle to find decent jobs. By focusing on local economic development and encouraging small and medium-sized enterprises (SMEs), the vision aims to spread growth more evenly across the country. Supporting entrepreneurship and innovation is also part of this effort, helping people turn ideas into jobs and businesses.

The talks also stress the need for big changes in the economy’s structure to keep growth steady. This means not just improving numbers but making the economy strong against shocks and able to attract investors. Education and job training are priorities to prepare people for future jobs and lower unemployment.

These discussions give space for public and private sectors to share ideas and make sure policies fit the real market and work well. Improving investment means making rules simpler, cutting hidden costs, and fixing business laws. The talks produce advice for the government to create clear labor market rules, increase transparency, expand social safety nets, and offer training for Jordanian workers. They also explore ways to give tax breaks and other benefits to encourage hiring Jordanians.

There are challenges like limited funds, a slow global economy, and regional problems. But working together with accurate data and openness helps Jordan grow steadily and create real jobs. These talks at the Royal Court are a good step toward modernizing Jordan’s economy. If done well, this plan will boost economic stability, improve people’s lives, and guide Jordan to a better future.

Raad Mahmoud Al-Tal – Head of Economics Department – The University of Jordan