Over 6,000 new companies registered in Jordan in 2024-Gharaibeh

Amman -Minister of Investment, Mothanna Gharaibeh, said the Kingdom registered more than 6,000 new companies in 2024 with capital exceeding JD40 million, which reflects the "remarkable" confidence in the Jordanian economy despite regional and global challenges.اضافة اعلان

The minister indicated that the new companies contribute "significantly" to providing job opportunities, and are expected to secure about 112,000 additional jobs in various sectors, which is an "important" step to achieve the government's goal of creating 1 million vacancies in the coming years.

Gharaibeh's remarks came during debate of the ministry's budget by Lower Parliamentary Finance Committee, headed by Dr. Nimer Sleihat, on Tuesday.

Furthermore, he noted a "key" priority of the government at the current stage is to invest in human capital, with a focus on developing skilled workers in engineering and medicine sectors, to support productive industries "sustainably," which reflects the need to improve labor skills and expand base of available competencies in the Jordanian market.

Despite the region's current difficult economic conditions, including political crises and disruption of trade with some neighboring countries in previous periods, Jordan successfully adapted to these challenges, achieving "remarkable" growth in several sectors, primarily industry, services, tourism, and technology, he said.

Gharaibeh also stressed the government's efforts to enhance national competitiveness by implementing "stimulating and supportive" policies for the local economy, especially in light of the free trade agreements with the Arab Gulf countries and the European Union, which contribute to increasing Jordanian exports.

In a strategic step to attract international investments, he noted Jordan recently signed agreements with international partners, mainly Irish International Development Agency, to benefit from the foreign expertise in attracting investments and developing the national economy.

In this context, he stated these agreements coincide with the Kingdom's efforts to enhance its investor environment and attract investments to support "sustainable" growth and enhance the economy's capability to address fluctuations.