|05 September, 2019

Jordan Economic Forum kicks off at Dead Sea

Prime Minister Omar Razzaz speaks during the opening of the Jordan Economic Forum at the Dead Sea

Jordan's Prime Minister Omar al-Razzaz speaks to the media during a news conference in Amman, Jordan April 9, 2019. Image used for illustrative purpose.

Jordan's Prime Minister Omar al-Razzaz speaks to the media during a news conference in Amman, Jordan April 9, 2019. Image used for illustrative purpose.

REUTERS/Muhammad Hamed

AMMAN — Deputising for His Majesty King Abdullah, Prime Minister Omar Razzaz on Wednesday opened the Jordan Economic Forum at the Dead Sea.

The forum under the theme "economic growth, creating job opportunities and moving towards the objectives of sustainable development" was organised by the Lower House, the Jordan News Agency, Petra, reported.

The two-day forum aims at supporting dialogue among MPs, the government and the private sector's representatives, along with enhancing Parliament's role in facilitating following up the outcomes of the London Initiative and reform programme, implementing the 2030 agenda for sustainable development, as well as bolstering the Lower House's legislative, oversight and representative roles.

During the opening ceremony attended by Lower House Speaker Atef Tarawneh and a number of ministers, MPs, as well as representatives of the private sector, Razzaz stressed that the London initiative proved that Jordan, under His Majesty's leadership, has managed to deal with the challenges that resulted in economic collapses.

The Kingdom's economy has achieved a growth average of 2 per cent during the previous years, in comparison with the region's growth of 1 per cent, he said, highlighting the "encouraging" indicators achieved by the economy.

Presenting these indicators, Razzaz said that local exports have increased by 4.3 per cent during the first half of this year in comparison with the same period in 2018, adding that the Central Bank of Jordan's reserves have gone up by 6.4 per cent during the January-July period to reach $12.2 billion, in comparison with $11.5 billion during the same period last year.

Tourism revenues increased by 8 per cent, he said, noting that the Kingdom's ranking on the sustainable development index has improved 10 places compared with the last year, and adding that income tax revenues climbed to JD41 million during August, while they reached JD30 million in August, 2018.

During the same month, collected sales taxes reached JD330 million, in comparison with JD261 million collected in August 2018, he said.

Tax revenues during the January-August period amounted to JD2.824 billion, in comparison with JD2.788 billion during the same period in 2018, Petra added.

In cooperation with the Lower House, a number of decisions and legislations during the remaining months of this year, will be made towards self-reliance, which is no longer a luxury, but an option we must all commit to, Razzaz said.

Stressing the importance of joint work, the premier said "our roles are different but complementary", expressing thanks to the Lower House's efforts to hold the forum, while praising the timing of the conference.

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