He noted that the value of major projects in the water, energy, and transport sectors is estimated at about 10 billion dollars, emphasizing that their importance is not limited to the volume of spending, but extends to their ability to address bottlenecks that have limited investment expansion and change the economy's production capacity, as they represent infrastructure that will determine the size of factories and investments that Jordan can accommodate in the coming years.
He explained that the National Water Carrier project, which will secure 300 million cubic meters annually, will not only improve the water situation but will also provide greater capacity for establishing factories, projects, and housing, and open the way for new investments. Furthermore, railway, Risha gas, and National Carrier projects will contribute to reducing operational costs and improving the standard of living, while connecting the mining, industrial, and Aqaba sectors with a network of railways, roads, and logistics services could reduce transport costs and lead to the creation of new industrial and logistics clusters. He indicated that reducing transport costs reflects on prices, as transport affects the costs of raw materials, food, and energy.
Al-Hadab said that the establishment of new factories and projects, alongside investments linked to major projects, will generate direct and indirect job opportunities, as they require engineers, technicians, administrators, and workers, as well as companies providing maintenance, software, and financial services, among others. He stressed the need to start attracting these investments before the projects are completed, confirming that marketing investment opportunities must coincide with their implementation.
He expected that over the next three or four years, the economy's production capacity would increase as a result of the decline in restrictions facing the water, energy, and transport sectors, alongside the improvement in the competitiveness of Jordanian exports with the attraction of qualitative investments that add value to the economy and increase locally produced exports.
He said that the government plan aims to raise Risha field production to 418 million cubic feet by 2029 and connect it to the Arab Gas Pipeline, explaining that increasing gas production and linking it to industrial sectors could reduce production costs and allow factories to expand and increase their production capacity. He emphasized that increasing reliance on local energy will give Jordanian industry greater competitiveness and enable existing factories to strengthen their presence in global markets.
He expected the implementation of new projects and investments during the current and next year around major projects, which will contribute to providing job opportunities in multiple sectors and support the expansion of economic and productive activity.
