Amman: CEO of the Association of Banks in Jordan (ABJ) Dr. Maher Al Mahrouq announced that Jordan presents promising investment opportunities in green economy projects, urging Qatari investors to consider ventures in renewable energy, sustainable transport, the circular economy, and low-emission infrastructure.
According to Qatar News Agency, Al Mahrouq emphasized that these sectors are integral to Jordan's Economic Modernization Vision 2023-2033, which seeks to enhance competitiveness, accelerate growth, and improve the business and investment environment. He identified the current period as a crucial time to expand economic cooperation between Qatar and Jordan, especially in sustainability, clean energy, and green finance.
Al Mahrouq highlighted that Jordan's banking sector views its Qatari counterpart as a strategic partner capable of supporting the transition toward a more efficient and sustainable economy. He noted the role of the Central Bank of Jordan in promoting this transition through collaboration with regulators, banks, and economic institutions to stimulate growth and expand sustainable investments.
He encouraged Qatari financial institutions to invest in Jordan through green and sustainable financing instruments, emphasizing that the Jordanian market offers attractive opportunities capable of generating significant economic returns while supporting sustainable development goals and economic integration between the two nations.
Al Mahrouq discussed the successful partnership between the Jordan Banks Association and the Central Bank of Jordan, particularly in green finance and environmental and climate risk management. This collaboration has enabled Jordanian banks to adapt to evolving global market requirements and develop financial products aligned with the green economy transition.
He further mentioned that Jordan's banking sector has achieved an advanced stage of readiness for the green economy, supported by growing institutional awareness of sustainability and the development of regulatory frameworks governing green finance and climate-related risk management.
According to Al Mahrouq, the transition to a green economy is perceived as an economic and investment opportunity capable of driving growth, creating jobs, improving resource efficiency, and enhancing resilience against future challenges. He noted that green financing has recently focused on renewable and solar energy projects, energy efficiency initiatives, water management, green buildings, sustainable transportation, and industries relying on energy-efficient technologies.
He acknowledged challenges affecting the pace of green financing growth, including a limited number of bankable green projects, high costs of some sustainable technologies, and insufficient environmental and technical data among some businesses, particularly small and medium-sized enterprises.
To broaden access to green finance, Al Mahrouq stressed the necessity for flexible and accessible financial products tailored to individuals and SMEs, alongside stronger awareness of sustainable financing's long-term economic benefits. He suggested that expanding financing programs for home solar systems, thermal insulation, electric vehicles, and small businesses using energy- and water-efficient technologies could significantly increase demand for green finance, especially with favorable financing terms and incentives.
Looking ahead, Al Mahrouq expressed optimism about the future of green finance in Jordan, citing evolving regulatory frameworks, growing regional and international interest in the green economy, and increasing investment needs in energy, water, sustainable transport, and green infrastructure. He also anticipates greater use of sustainable financing tools such as green bonds and sustainability-linked finance, along with stronger partnerships with international and regional institutions.
Concluding his remarks, Al Mahrouq described Qatar's banking sector as a distinguished strategic partner and reiterated his call for Qatari financial institutions to invest in Jordan through green and sustainable financing instruments, supporting economic and financial cooperation while aiding the transition toward a more sustainable and resilient economy.