Ammon News - AMMONNEWS - King Abdullah on Tuesday started a working visit to USA by meeting with investment leaders from US Angel Investment Group in San Francisco who are interested in supporting entrepreneurs and start-up projects in the world.
During the meeting , which focused on means of enhancing bilateral economic relations between the private sectors, the king called American businessmen to visit Jordan and get acquainted with its investment environment.
The King delivered a speech in the Innovative Jordan Conference hosted by the University of California in Berkeley.
The speech highlighted available opportunities in the ICT sector and electronic content that made the Kingdom a pioneer centre in this field regionally and internationally.
The king said that"ICT is only one of the industries that benefits from Jordan’s position as the gateway to the 350 million people of the Middle East and North Africa. MENA consumers speak one language, Arabic. More than 70 percent are 30 or younger. It is a market ripe for growth and under-penetrated by U.S. firms. And Jordan's tech-proficient, bilingual work force puts you in prime position to reach these consumers." On his part , Chancellor of the University of California, Berkeley, Nicholas B. Dirks asserted that the university and especially SkyDeck incubator which is a model for startup and business incubation will provide all possible support to Jordanian pioneering companies to help them in developing their projects.
The king also met, on the sidelines of the conference, with participating Jordanian Academics, investors and businessmen who successfully invested in the US and called them to benefit the national economy through their experience.
King speech: Bismillah ar-Rahman ar-Rahim Thank you, Ron. I’m delighted to be here. I want to thank sincerely our hosts here at UC Berkeley, especially Chancellor Dirks and Jeff.
This University is a notable home to innovative thinking, and I hope this event makes a contribution. My thanks to all of you who are giving your time to be with us today. Let me especially acknowledge SkyDeck. Its model for startup and business incubation serves our global future.
I have always been fascinated by the ability of entrepreneurs to take a brick see in it a house - and build a whole city. But new enterprises need solid ground to build on. And that’s Jordan's vision. An economy open to jobs-rich, export-oriented growth. A level playing field. Investments in education; R&D and infrastructure. Help for ICT and other startups: enterprise and development zones, innovation accelerators and more.
Why this commitment? Two words: National interest. Our country wants and needs jobs - good jobs - especially for young people, the majority of our population. Private-sector creativity is key.
To support these goals, Jordan took some very deliberate steps fifteen years ago. We saw an urgent requirement for inclusive, sustainable reform - strengthening stakeholding and active citizenship creating opportunity and raising the standard of living across all communities.
This path is grounded in what makes Jordan Jordan: moderation and openness; respect for others; inclusiveness; concern for the future. These values have made Jordan a partner in regional peace-making, global peace-keeping, and interfaith dialogue ... and a voice for the entrepreneurial spirit in our region.
We have been equally determined to keep Jordan a stable and resilient oasis for our people. Recently, refugees fleeing the conflict in Syria have sought a safe haven in our country. Syrians in Jordan now total 1.3 million 20 percent of our population. This influx has put a heavy demand on Jordan's resources. We cope by working closely with the international community to achieve adequate levels of humanitarian assistance but much more is needed.
To sustain economic growth, we are looking to a new, ten-year economic blueprint based on nationwide consultations. "Jordan 2025" will combine an action plan with tough performance management locating a delivery capacity at the center of government, to ensure that outcomes meet expectations.
We are also leveraging national assets. Jordan connects three continents and enjoys exceptional international relationships and multiple FTAs. This position gives Jordan-based enterprises access to one-billion customers, including Europe, the U.S. and Asia.
And we have an asset even more important: our people. They are young, aspiring, and globally-aware. They are active users of the internet, social media and new technology. They know regional demand for content, apps, and platforms - indeed, they are helping to drive that demand.
All this talent provides a market-ready pool for multiple business sectors. Consider ICT. From a tiny position fifteen years ago, ICT is now the fastest-growing sector in our economy ... contributing 12 percent of our GDP, and directly and indirectly, some 80-thousand jobs. Jordanian ICT has had its challenges, but today, IT exports are up eight-fold, reaching some 60 countries.
Our climate of innovation has brought Jordan the name of "Silicon Wadi." Amman has become the regional capital for startups, and the tenth best place to start a technology company in the world. Companies are scaling-up and making successful exits to global industry leaders. Jordan is home to the three most popular content portals in the Arab world, managing 75 percent of Arabic user-generated content.
ICT is only one of the industries that benefits from Jordan’s position as the gateway to the 350 million people of the Middle East and North Africa. MENA consumers speak one language, Arabic. More than 70 percent are 30 or younger. It is a market ripe for growth and under-penetrated by U.S. firms. And Jordan's tech-proficient, bilingual work force puts you in prime position to reach these consumers.
Let me pause to thank all those who have believed in our journey - Bay Area accelerators like 500Startups, Plug & Play, and Alchemist; investors like Intel Capital; corporations like Cisco Systems; other angels and mentors. Bay-area Jordanians have also been important in helping us unlock our potential.
My friends, We want to propel these efforts much, much further. This will take leadership from both the public and the private sector. In this context, I was pleased to see that Jordan jumped three places in the World Economic Forum’s Network Readiness Index, reaffirming our leadership. This is a trend we are determined to continue.
We are committed to working closely with the ICT industry and other new enterprise. We want your success. And we will do all we can to help you, every step of the way.
I welcome all of you to engage with our young emerging nation, whether as business colleagues, investors, or mentors. You will find Jordan’s tech scene remarkably familiar: creative, passionate, and excited about the future. Visit and join in.
May I say, there's no place better to begin than the MENA ICT Forum in Amman this coming November. You will meet innovators and achievers from across Jordan and the region, along with top global players. Come, share your ideas, network and discover. I believe you will find partners to make your most creative ideas become reality.
*Petra
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