Provinces need more than incentives
The article reviews the importance of investment in promoting economic development in Jordan, clarifying that financial incentives such as granting citizenship to investors are not sufficient on their own to attract investments. It emphasizes that a stable environment, clear legislation, and straightforward procedures are the essential factors. Additionally, it highlights that developing infrastructure, logistics services, and achieving integration among national institutions such as universities and municipalities are necessary for the success of provincial investments. The article also notes that Irbid Governorate possesses significant potential to become an economic hub, especially through transportation projects, agricultural industries, and tourism if appropriate development projects are available. Furthermore, it states that attracting investments requires an integrated system that includes legislation, modern infrastructure, reduced production costs, and a partnership between the government and the private sector to achieve balanced and sustainable economic development.
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