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Ammon News - The Economic Modernization Vision's executive program has announced 9 initiatives for the 2023-2025 period, with a total cost of JD66 million, JD18 million of which during the current year.

As part of the initiatives, the government's recently-issued program has given 31 priorities to sectors related to urban development and quality of life.

Regarding the urban development sector; the initiative to encourage investment and partnership with the private sector in urban development projects seeks to prepare designs and documents, and refer the tender for establishing and improving markets in Amman and the northern city of Irbid to concerned municipalities.

The priorities of enhancing the use of urban planning tools initiative include updating the Ministry of Local Administration's 2007 land use map at the national level, and preparing and approving the legal framework for managing and dealing with hazardous materials by the Ministry of Interior.

In the quality of life sector, the executive plan includes improving Jordan's rank in the Legatum Prosperity and Quality of Life indices in 2023, supported by the Ministry of Planning and International Cooperation.

The executive program comes as a practical translation of the vision of economic modernization, including its priority initiatives, projects, policies, and procedures, which will be implemented by ministries and government institutions, so that the priorities document for the years 2023-2025 will be a starting point for subsequent executive programs, and a basis for contributing to reaching the goals of the 2033 vision for growth, providing job and investment opportunities.

Moreover, it includes 183 initiatives, selected from among 380 initiatives that will be implemented through 418 priorities, at a total cost of JD2.3 billion until the end of 2025, of which JD670 million during this year.

The program sets macroeconomic targets for the year 2025, which are represented in raising the growth rate of the Gross Domestic Product (GDP) at constant prices to 3 percent, gradually increasing the volume of exports to about JD 9.713 million, and raising net foreign direct investment to about JD1.092 million.