AMMAN — According to statistics from the
Central Bank of Jordan, the direct
foreign investment flow decreased by 30 percent in the
first quarter of this year compared to the same period last year. Investments
reached JD200in contrast to the JD288 million in the first quarter of 2022.
اضافة اعلان
This decline comes even after the enactment of the
Investment Environment Law, which took effect in mid-January this year. The
government had placed significant expectations on this law to amplify foreign
investment inflows, especially following the launch of the
Economic Modernization Vision. This vision aimed to attract more than $41 billion
dollars in investments starting from this year and continuing until 2033.
The persistent decline in recent years' foreign direct
investment signals governments' struggle to attract investments and compete
regionally. Notably, Egypt, Saudi Arabia, and the UAE have seen significant
increases. For instance, Egypt's net
foreign investment rose by 73 percent in
H1 this year to $5.7 billion, Jo24 reported.
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