His Majesty King Abdullah on Monday attended the launch of “Jordan 2025”, the 10-year blueprint for economic and social development.

The plan, also dubbed “2025 vision”, is based on two scenarios, a conservative one that assumes that the economy would grow by 4.8 per cent in 10 years, and an ambitious scenario that suggests the economy would expand by 7.5 per cent in 2025, Prime Minister Abdullah Ensour said in his remarks at the ceremony.

The premier said the ambitious scenario is still realistic.

The launch of the document was also attended by Her Majesty Queen Rania, senior officials, lawmakers as well as private sector and media representatives.

Key targets included in the Jordan 2025 vision:

The Jordan 2025 economic vision seeks to increase GDP growth rate from 3.1 per cent to 7.5 per cent in 2025.

The vision also seeks to reduce poverty rate from a current 14 per cent to 8 per cent and decrease unemployment rate from 12.2 per cent to 8-9.2 per cent.

In addition, the vision aims to raise women’s participation in the labour market from 15 per cent to 24 per cent.