Latest news with #FutureofGrowthIndex
Zawya
05-05-2025
- Business
- Zawya
Jordan climbs Future of Growth Index, advances in innovation, digital inclusion
AMMAN: Jordan has advanced in the Future of Growth Index, making a remarkable progress in innovation, inclusiveness, sustainability, and resilience, according to a new government report. The Kingdom's performance was detailed in the first-quarter 2025 report of the Executive Programme for the Economic Modernisation Vision (2023–2025). According to the report, a copy of which was sent to The Jordan Times, the Kingdom has recorded scores of 45.1 in innovation, 53 in inclusiveness, 58.2 in sustainability, and 55 in resilience, out of a possible 100 in each category. To strengthen its innovation pillar, particularly in knowledge-based employment, the report said that the Ministry of Labour launched a national action plan to employ 1,000 job seekers across various governorates under the Productive Branches Initiative and provide career counselling and evaluation services. An analytical study was also conducted to assess the effectiveness of the National Employment Programme and to identify labour market challenges facing its beneficiaries. In a move to bridge the digital divide, especially in underprivileged regions, the government introduced the Jordanian Digital Inclusion Policy 2025. The policy aims to expand internet access through infrastructure upgrades and increased digital outreach, targeting a higher rate of internet usage among the population, the report said. Jordan has also partnered with the World Economic Forum (WEF) to conduct the 2025–2026 Executive Opinion Survey. The survey, which includes a nationally representative sample, will contribute qualitative insights for the 2026 edition of the Index. The Ministry of Planning took part in the forum's opening session to ensure accurate representation of Jordan's data in global assessments. Additionally, the government is reviewing sub-indicators related to the Index and coordinating with relevant institutions to address performance gaps and enhance future scores. The first-quarter 2025 report of the Executive Programme for the Economic Modernisation Vision (2023–2025) said that the government has made a number of decisions aimed at enhancing Jordan's position as a global destination. The report, released by the Council of Ministers, outlined major economic initiatives and trends observed in the first four months of the year. The report said that the government has granted sales tax exemptions to the "Jerash Eco-Tourism City Project" and exempted professional license fees for commercial and tourism establishments operating within the Petra Development and Tourism Region. According to the report, the government has achieved 'substantial' progress in several regulatory reforms in the tourism sector, including the endorsement of the 2025 bylaw for Hotel and Tourism Establishments, as well as amendments to the bylaws governing the Jordan Hotel Association and the Association of Travel and Tourism Offices. Work has also commenced on drafting new regulations for travel agencies and tourism companies. Business activity showed 'remarkable' improvement during January-April period, the report said, with the number of newly registered companies rising by 13 per cent compared to the same period last year. A total of 2,372 companies were registered between January and April, up from 2,091 during the same period in 2024. The report said that the total registered capital exceeded JD66 million, citing data from the Companies Control Department, with limited liability companies accounting for the majority of registrations, totalling 1,723 companies, 72.6 per cent of all new businesses The report also noted a significant 49 per cent decrease in company closures or deregistrations. Only 376 companies were removed from the registry, compared to 741 in the same period last year. Net capital increased dramatically by 518 per cent, reaching approximately JD590 million, compared to JD145 million in the first third of 2024. A total of 624 companies increased their capital by nearly JD617 million, while 97 companies reduced theirs by around JD79 million. The report also cited 'solid progress' in infrastructure development linked to healthcare and medical education. Construction of the new Faculty of Medicine has reached 67 per cent completion, while 79 per cent of the associated university hospital has been completed, both part of a broader national project aimed at enhancing Jordan's medical education and healthcare services. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
04-05-2025
- Business
- Jordan Times
Jordan climbs Future of Growth Index, advances in innovation, digital inclusion
The first-quarter 2025 report of the Executive Programme for the Economic Modernisation Vision says that the Kingdom has advanced in the Future of Growth Index, with a remarkable progress in innovation, inclusiveness, sustainability, and resilience (JT file) - Gov't adopts knowledge-based employment approach to employ 1,000 job seekers - Digital Inclusion Policy introduced to expand internet access, mainly in underprivileged regions - Incentives, exceptions granted to tourism institutions to stimulate sector - 2,372 companies were registered during January-April period, up from 2,091 during the same period in 2024 AMMAN — Jordan has advanced in the Future of Growth Index, making a remarkable progress in innovation, inclusiveness, sustainability, and resilience, according to a new government report. The Kingdom's performance was detailed in the first-quarter 2025 report of the Executive Programme for the Economic Modernisation Vision (2023–2025). According to the report, a copy of which was sent to The Jordan Times, the Kingdom has recorded scores of 45.1 in innovation, 53 in inclusiveness, 58.2 in sustainability, and 55 in resilience, out of a possible 100 in each category. To strengthen its innovation pillar, particularly in knowledge-based employment, the report said that the Ministry of Labour launched a national action plan to employ 1,000 job seekers across various governorates under the Productive Branches Initiative and provide career counselling and evaluation services. An analytical study was also conducted to assess the effectiveness of the National Employment Programme and to identify labour market challenges facing its beneficiaries. In a move to bridge the digital divide, especially in underprivileged regions, the government introduced the Jordanian Digital Inclusion Policy 2025. The policy aims to expand internet access through infrastructure upgrades and increased digital outreach, targeting a higher rate of internet usage among the population, the report said. Jordan has also partnered with the World Economic Forum (WEF) to conduct the 2025–2026 Executive Opinion Survey. The survey, which includes a nationally representative sample, will contribute qualitative insights for the 2026 edition of the Index. The Ministry of Planning took part in the forum's opening session to ensure accurate representation of Jordan's data in global assessments. Additionally, the government is reviewing sub-indicators related to the Index and coordinating with relevant institutions to address performance gaps and enhance future scores. The first-quarter 2025 report of the Executive Programme for the Economic Modernisation Vision (2023–2025) said that the government has made a number of decisions aimed at enhancing Jordan's position as a global destination. The report, released by the Council of Ministers, outlined major economic initiatives and trends observed in the first four months of the year. The report said that the government has granted sales tax exemptions to the "Jerash Eco-Tourism City Project" and exempted professional license fees for commercial and tourism establishments operating within the Petra Development and Tourism Region. According to the report, the government has achieved 'substantial' progress in several regulatory reforms in the tourism sector, including the endorsement of the 2025 bylaw for Hotel and Tourism Establishments, as well as amendments to the bylaws governing the Jordan Hotel Association and the Association of Travel and Tourism Offices. Work has also commenced on drafting new regulations for travel agencies and tourism companies. Business activity showed 'remarkable' improvement during January-April period, the report said, with the number of newly registered companies rising by 13 per cent compared to the same period last year. A total of 2,372 companies were registered between January and April, up from 2,091 during the same period in 2024. The report said that the total registered capital exceeded JD66 million, citing data from the Companies Control Department, with limited liability companies accounting for the majority of registrations, totalling 1,723 companies, 72.6 per cent of all new businesses The report also noted a significant 49 per cent decrease in company closures or deregistrations. Only 376 companies were removed from the registry, compared to 741 in the same period last year. Net capital increased dramatically by 518 per cent, reaching approximately JD590 million, compared to JD145 million in the first third of 2024. A total of 624 companies increased their capital by nearly JD617 million, while 97 companies reduced theirs by around JD79 million. The report also cited 'solid progress' in infrastructure development linked to healthcare and medical education. Construction of the new Faculty of Medicine has reached 67 per cent completion, while 79 per cent of the associated university hospital has been completed, both part of a broader national project aimed at enhancing Jordan's medical education and healthcare services.
Jordan News
04-05-2025
- Business
- Jordan News
Jordan Achieves Advanced Scores in Future of Growth Index - Jordan News
Jordan has attained advanced scores in the Future of Growth Index across its four key pillars: innovation, inclusiveness, sustainability, and resilience. اضافة اعلان According to the Jordan News Agency (Petra), the achievements were highlighted in the Q1 2025 report of the Executive Program for the Economic Modernization Vision 2023–2025. The Kingdom scored 45.1 out of 100 in innovation, 53 in inclusiveness, 58.2 in sustainability, and 55 in resilience. The report noted that the Ministry of Labor developed a plan to improve the employment index for knowledge-intensive jobs. The plan included hiring 1,000 unemployed individuals across various governorates through the Productive Branches Initiative, conducting career guidance sessions for workers in these branches, and carrying out an analytical study to measure and understand the outcomes of the National Employment Program and the factors affecting beneficiaries in the labor market. Additionally, the government approved the Jordanian Digital Inclusion Policy 2025, targeting an increase in the proportion of individuals using the internet as part of efforts to enhance digital infrastructure and bridge the digital divide, particularly in underprivileged areas. In terms of data processing, the government signed an agreement with the World Economic Forum to conduct the Executive Opinion Survey for 2025–2026. Preparations included survey distribution planning, gathering qualitative data for the 2026 index, and submitting a final sample of participants that aligns with the Forum's standards. The Ministry of Planning also participated in the Forum's kickoff meeting and presented the finalized sample to ensure accurate representation in international reports. Furthermore, the government reviewed and cataloged sub-indicators related to the Future of Growth Index to assess the potential for addressing them in coordination with relevant stakeholders.
Ammon
04-05-2025
- Business
- Ammon
Jordan achieves notable progress in Future of Growth Index
Ammon News - Jordan has made meaningful strides in the Future of Growth Index, showing balanced progress across its four key pillars: Innovativeness, Inclusiveness, Sustainability, and to the first-quarter 2025 report from the Executive Program of the Economic Modernization Vision (2023–2025), Jordan scored 45.1 out of 100 in innovation, 53 in inclusiveness, 58.2 in sustainability, and 55 in resilience, highlighting a positive trajectory in national development enhance the quality of employment and address skills-based job gaps, the Ministry of Labor launched targeted initiatives, including the employment of 1,000 job seekers across governorates through the Productive Branches Initiative. The ministry also delivered career counseling sessions and conducted a detailed analysis of the National Employment Program's beneficiaries to better understand the factors shaping their participation in the labor line with its push toward greater digital equity, the government approved the 2025 Digital Inclusion Policy, aimed at expanding internet access and improving digital infrastructure, especially in underserved regions, supporting broader goals of technological empowerment and socioeconomic also took steps to improve the quality of its data in global benchmarking. A new agreement with the World Economic Forum (WEF) will enable the country to conduct the Executive Opinion Survey for 2025–2026. The government is overseeing the survey's distribution and has finalized a representative sample of participants to ensure credible input into international indices. The Ministry of Planning also participated in the WEF's opening session and submitted the selected data sample, reinforcing Jordan's commitment to evidence-based policymaking. In parallel, the government has reviewed all related sub-indicators of the Future of Growth Index to identify opportunities for further enhancement, working closely with relevant institutions to ensure continued progress. Petra
