Prime Minister Jafar Hassan presented an extensive economic roadmap to Parliament today, emphasizing that economic modernization is crucial for Jordan's stability and future prosperity.In the water sector, Hassan detailed multiple initiatives beyond the flagship National Water Carrier project. The government plans to improve water resource efficiency to save 5-7 million cubic meters annually over the next four years.Water harvesting projects will expand with new reservoirs and earthen dams capable of storing 1.25 million cubic meters.The wastewater treatment expansion program, valued at 280 million dinars, will include eighteen new projects across the kingdom, with additional treatment plants costing 350 million dinars. These initiatives aim to increase treated water capacity to 260 million cubic meters within five years.Addressing transportation infrastructure, Hassan announced that the National Railway project will connect Aqaba Port with phosphate mines and potash facilities, enhancing industrial competitiveness and opening development opportunities in the Jordan Valley, Ma'an, and Aqaba.The successful rapid transit bus system in Amman and Zarqa will be expanded, with new strategic transport projects linking the capital with other governorates to be announced in early 2024.The energy sector transformation includes extensive plans for green hydrogen and green ammonia production, with feasibility studies to be completed within two years.The renewable energy expansion aims to achieve 3,000 megawatts capacity by 2027, integrating both solar and wind projects. A new natural gas law will be presented to Parliament next year, while the promising Risha gas field development will support industrial sectors.Industrial development features prominently, with natural gas infrastructure being extended to multiple industrial zones. The Quweira industrial area will be connected next year, followed by projects in Ruwaished and Moqqar industrial cities by 2027.Hassan projected these developments would double the number of factories in these areas.The mining sector will see four new executive agreements for copper, gold, phosphate, and rare earth elements through 2027. The government has already implemented tax and customs exemptions, real estate sector incentives, and support programs for agriculture, industry, tourism, and small enterprises.Hassan emphasized the government's commitment to raising minimum wages in consideration of previous inflation rates, while maintaining the competitiveness of productive sectors. Daily monitoring of major project implementation will ensure timely delivery of these economic initiatives.The Prime Minister concluded by highlighting the essential partnership with the private sector, which has historically built the institutions, factories, and companies strengthening Jordan's economy.The government pledges to protect and empower the sector through supportive decisions and stable legislation to lead economic development and create opportunities for youth employment.The confidence vote proceedings continue as Parliament evaluates the government's comprehensive economic program. (ICE AMMAN)

Fonte notizia: jordan news