Amman: In a recent interview with Jordanian TV, Hassan discussed the government's comprehensive work programme, emphasizing its awareness of the substantial requirements and challenges it faces. He highlighted the expedited approval of the 2025 budget, noting that 96% of capital expenditure had already been spent. This swift approval aims to prevent delays in implementing significant capital projects at the year's start.
According to Jordan News Agency, the year 2026 is set to be a pivotal year for construction and development in Jordan. The government plans to initiate and implement major strategic projects, valued at approximately $11 billion, over the next four to five years. These projects will span various sectors, including water, energy, transport, tourism, and construction, primarily funded through external investments. The National Water Carrier Project is a notable initiative, with the budget contributing a quarter of a billion dinars over four years to reduce water costs.
The government also plans to support the Risha gas project and its transmission pipeline with a 35 million dinar allocation. Public transport projects will receive budgetary support to ensure feasibility and attract local and foreign investment. Hassan emphasized the partnership between the government and the private sector in executing the Economic Modernisation Programme, with two-thirds of financing originating from investments rather than the budget.
The National Water Carrier Project, which began its early works phase six months ago, is estimated to cost over $5 billion. The project aims to provide 300 million cubic metres of desalinated water annually, delivered from Aqaba to Amman by 2030. The Risha gas project is another priority, with plans to produce gas covering over 80% of the country's natural gas needs by 2030.
Regarding the regional railway project, the government plans to integrate Aqaba into the regional railway system. Jordan aims to collaborate with countries like Turkiye, Syria, and Saudi Arabia to establish a comprehensive railway network. The first phase of the project will connect Aqaba with a dry port in Ma'an, eventually expanding to Mudawwara and beyond.
The Amra City project, located strategically between major highways and borders, aims to address population growth challenges in Amman and Zarqa. The project will serve as a new urban hub, featuring essential facilities such as a modern sports city and exhibition centre, while providing housing opportunities for various demographics.
In addressing unemployment, the government plans to leverage these strategic projects to stimulate growth across multiple sectors. Initiatives such as easing tax burdens, settling arrears, and promoting vocational training aim to enhance job opportunities and economic development.
Hassan acknowledged the ambitious target of achieving a 4% growth rate by 2028, despite fifteen years of continuous crises. The government's commitment to implementing essential projects and maintaining financial and monetary stability underpins this optimism. The rise in foreign investments, export growth, and record central bank reserves further bolster this positive outlook.
Ultimately, these projects and economic policies aim to create a more robust and diversified economy, benefiting citizens through increased employment opportunities and improved infrastructure. The government's focus on sustainable growth and strategic partnerships underscores its dedication to enhancing Jordan's economic landscape.