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السبت: 24 يناير 2026
  • 24 يناير 2026
  • 18:29
The National Economy Between Vision and Impact
الكاتب: الأستاذ الدكتور أمجد الفاهوم

Today, the national economy stands at a delicate crossroads between what has been accomplished in terms of planning and what is expected to occur at the level of impact. It is no longer sufficient to formulate visions or update laws. The real challenge is now to convert this reformative momentum into a tangible economic movement measured by growth, jobs, investor confidence, and the market's ability to generate value rather than circulating it. At its core, the economy is not about legislative texts or ten-year plans, but a daily balance between decision-making and implementation, between audacity and discipline.

Over the past few years, the government has undeniably advanced in reorganizing the investment landscape, starting from forming a long-term economic vision, through modernizing the legislative framework for investment, to serious attempts at simplifying procedures, unifying references, and systematically promoting opportunities. These steps have laid the foundation for a more mature economic discourse, shifting the conversation about investment from generalities to the language of sectors, figures, and value chains. However, regardless of its importance, this progress is still largely trapped within "structural improvements" and has not yet transformed into a qualitative leap in the daily experience of investors or in the velocity of productive capital turnover.

We can emphatically say that the gap existing today is not one of intent, but one of impact. Investors, domestic before international, do not measure the economic environment by what is declared about it, but by what they actually face in terms of decision clarity, stability in interpretation, speed of accomplishment, operational costs, and expansion possibilities. Any procedural delay, reference conflict, or legislative uncertainty automatically becomes an unseen cost that weakens the economy's competitiveness, no matter how good the intentions. Here, specifically, it appears that investment is not affected by the absence of incentives as much as it is by the absence of predictability, and it is not deterred by fees as much as by wasted time.

In the coming years, the decisive criterion between the success of reforms and their failure will be the ability to measure the actual impact, not just to settle for activity indicators. The number of licenses issued is insufficient if they do not translate into functioning companies; the number of registered projects is meaningless if they do not generate stable job opportunities; and the volume of investment flows remains hollow if it does not translate into exports, knowledge transfer, and technology localization. The economy we need is one that is measured by the depth of its roots, not by the speed of its announcement, by its ability to sustain, not by the size of its temporary infusion.

From this standpoint, what is required of the government in the next phase is not to add new programs as much as it is to deepen the existing implementation, by resolving the centrality of the investment decision, regulating procedure times with binding ceilings, reinforcing the interpretation of laws and regulations, and linking incentives to the real impact rather than to formal classification. Focus should also be placed on sectors capable of generating high added value, not those that deplete resources without long-term returns, on projects ready for implementation rather than deferred ideas, and on servicing investors after they enter the market as much as attracting them in the beginning.

Investment, in its profound sense, is a test of mutual trust between the state and the market. A state that succeeds in this test is one that turns every action into a message of reassurance, every decision into evidence of stability, and every project into a repeatable success story. Only then does the national economy shift from managing opportunities to manufacturing the future, from a stage of promises to a stage of impact, where growth becomes a natural result of trust, and trust becomes the greatest investment.

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