27 selected key sectors (totaling 350,000 jobs). It is widely recognized that digitization creates both direct and indirect jobs. For instance, in the US, one digital job creates 5 indirect jobs55. In the international benchmark examples above, the yearly job growth in the digital economy in the UK and Ireland are between 4% and 5%. In Jordan, the service industry is not necessarily entirely local, which means that the job growth in the digital economy will be a little less. Therefore, it is estimated that Jordan can manage an average yearly job growth of 3%-3.5%. This amounts to the digital economy creating a multiplier effect of 1.3 over 10 years, amounting to 105,00056 jobs. To estimate new digital economy jobs created, the following estimations have been made: As a result of the acceleration programme under action 5, 1,000 digital economy start-ups would be incubated in the first three years. For the next 3-year period, an additional 1,000 start-ups would be incubated and for the last 3-year period, another 1,000 start-ups would be incubated. This amounts to 3,000 digital economy startups in total which are created within the acceleration prorgamme. It is estimated that on average these start-ups will create on average five jobs each (15,000 jobs in a 10-year life span). Moreover, approximately 700 new businesses are created in all sectors every month outside of the acceleration programme, representing new businesses, spinoffs from existing companies and/or universities, and companies coming from outside registering as new companies in Jordan. Of these companies, it is expected that 10% of these pertain to sectors relevant in the future digital economy. This amounts to 840 businesses annually. Assuming that half of these companies survive (amounting to 420 companies), this amounts to the creation of 4,200 companies in ten years. Assuming that these companies create 5 jobs each on average, this is an additional 21,000 jobs. The total job creation is the following:    the new jobs within existing companies within core sectors & tech sector (105,000 jobs in 10 years) PLUS the jobs created in digital economy startups or spin offs outside of the acceleration programs (18,900 jobs in 10 years) PLUS the new jobs created by digital economy start-ups within the acceleration program (15,000 jobs in 10 years). This totals 138,900 jobs. This means setting a political goal of between 130,000 and150,000 new jobs over a 10-year period. This figure does also factor in possible growth in university spin-outs and nonfor-profit sector jobs, which may also potentially be growing. However, the figure does not factor in the potential job loss that Jordan may experience as a result of digitization. 55 56 | See for instance Moretti, Enrico (2012): The new geography of jobs 350,000 x 0.3 equals the extra job growth of 105,000 REACH 2025 ACTION PLAN – ROADMAP TO EXCELLENCE