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Fri 27 Oct 2006 08:00 PM

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BearingPoint to implement Sabeq project in Jordan

BearingPoint is to deploy new technology to enhance the Jordanian economy as part of a five-year US$96million contract it has signed with the United States Agency for International Development (USAID).

The company is to implement the Sustainable Achievement of Business Expansion and Quality (Sabeq) programme for Jordan, which involves enhancing the country’s competitiveness in global markets.

This will include the use of IT to build capacity and enhance the competitiveness of Jordan’s economy as well as the acceleration of public sector reform and creating an environment, which will promote private sector growth.

Sabeq is aimed at spurring economic growth and reducing poverty in the country by increasing the number of jobs available to Jordanians and enhancing the competitiveness of Jordanian firms.

It focuses on four core areas: improving financial integrity and broadening capital markets; expanding trade and investment; removing Government of Jordan constraints to achieving private sector competitiveness; and enhancing productivity.

“BearingPoint’s extensive experience in economic governance for a wide range of international economies will be an enormous asset to this project,” said James Horner, senior vice president of BearingPoint’s emerging markets practice.

“Our team looks forward to continuing to work with USAID and the Government of Jordan and other projects.”

In August this year BearingPoint signed another three-year US$14 million contract with USAID to improve the efficiency and effectiveness of tax policy, tax administration and budget management in Jordan.

The process will involve BearingPoint establishing modern administrative functions and strengthening the analytic capabilities of the tax system, implementing a unified government accounting system and creating a results-orientated budget process, the company said.

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