AMMAN – The
Arab Investment and Export Credit Guarantee Corporation (Dhaman) revealed a relative improvement in the investment climate
in Jordan thanks to the measures taken by the kingdom in 2022.
اضافة اعلان
According to Hala.jo these measures resulted
in a record growth in
foreign direct investment (FDI) inflows and projects of
83 percent.
The Director-General of the corporation,
Abdullah Ahmed Al-Sabih, mentioned that Jordan experienced relative stability
in its
sovereign credit rating, which varied between BB and B.
He also noted that Jordan's global and Arab
average rankings improved in assessing the state's risk indicators issued by
specialized international agencies.
Regarding the legislative and regulatory
environment, Al-Sabih pointed out that Jordan showed variation in its average
rankings in five main indicators. It improved in the e-government index and
remained stable in
e-governance and
bilateral investment agreements. However,
it declined in rankings for
economic freedom and
perceived corruption.
Al-Sabih attributed this overall improvement
to various investment-stimulating legislation and measures that Jordan adopted
in 2022, including the issuance of a new
Investment Environment Regulation Law and the adoption of a comprehensive national strategy to promote investment.
Jordan continued infrastructure development projects and enhanced digital
transformation in various government agencies.
He explained that this improvement in the
investment climate led to a significant growth in foreign direct investment
inflows into the country. Jordan recorded a 83 percent growth in FDI inflows,
reaching $1.1 billion in 2022, making it the eighth-largest recipient of FDI in
the Arab world, accounting for 2.1 percent of the total foreign investment
inflows to the region.
By the end of 2022, Jordan had attracted 365
foreign direct
investment projects over the past two decades (2003-2022),
representing 2.3 percent of the total foreign investment projects in the Arab
region during that period. These projects had an investment value of $50
billion, contributing to the creation of more than 65,000 new jobs.
The number of foreign investment projects
received by Jordan in 2022 reached 10, with a total investment cost of $394
million. These projects accounted for 0.2 percent of the investment cost of
foreign projects in the region, executed by nine foreign companies, which
contributed to the creation of around 900
new jobs during the same year.
Additionally, Jordan had nine foreign projects
abroad in 2022, with an investment cost of approximately $56 million. These
projects were executed by nine
Jordanian companies.
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