The Jordan Conference 2012

The Euromoney Jordan Conference closed on 9 May after two packed days of keynote addresses, workshops and informative debate. Almost 300 delegates attended. The conference provided a platform for policy-makers, financiers and business leaders to address the most pressing challenges facing Jordan today. Questions relating to the global economy, the Kingdom's energy and water resources, education, job creation and ways of financing the growing economy were addressed.                                        

The Conference looked at developments in the US economy, the crisis in the Eurozone, the Greek and French elections, the growing importance of Asia and how all of this is impacting Jordan. The challenges the country faces are not unique. Jordan, like many other countries, needs to redirect itself to be able to take an active part in the new global economy. We started with a darker picture of the global environment that Jordan has to operate in. But the mood of the speakers, presenters and attendees became more positive as the discussions progressed.                                                   .

Jordan has lots of opportunities to support itself and participate in the new world order. The energy question is and will be on top of the Jordanian government’s agenda for years to come. Amongst our distinguished speakers’ suggestions were those to create and enhance an energy efficient attitude of Jordanian businesses and individuals as well as explore more nuclear opportunities. The earlier Jordan joins the nuclear revolution the more sustainable the economy of Jordan will be. 

Jordan’s economy is growing, as per IMF projections it is set to grow 3% in 2013, but is this sufficient enough to provide for the ever growing population? Jordan needs new opportunities for growth and they will come from young Jordanians. There are already some shoots of the knowledge economy present in Jordan. The ICT sector is one of them. “There are 5000 graduates in IT each year” said Usama Fayyad from Oasis 500. Jordan’s human capital is the best in the region and if the country produces more enterprises like Rubicon, Oasis and Think Arabia that value, invest in and mold the local talented youth, Jordan can compete regionally and globally. Growth will come from training programmes and government co-ordinated support for SMEs. This would link education and training facilities, incubators, financiers and entrepreneurs themselves as a holistic approach to develop the SME sector so it is the main source of growth for the Jordanian economy.

Presentations available to download (please click to download):

Finance, Jobs and Resources in the Knowledge Age
Keynote Speech and Q&A: HE Dr Talal Abu Ghazaleh, Chairman and Founder, Talal Abu-Ghazaleh Organisation

e4e Initiative for Arab Youth:Focus on Jordan