AMMAN — The
private sector, as the main driver of Jordan’s economic growth, believes that
the Kingdom is capable of attracting investments, provided that bureaucratic
procedures, primarily high taxes levied, are overcome, representative of
financial and banking sector at the
Jordan Chamber of Commerce (JCC) Firas
Sultan said, according to the Jordan News Agency, Petra.
اضافة اعلان
In a statement on Saturday, Sultan noted
investment opportunities are “rich and available” in Jordan’s various sectors
with high added value, especially in
information and communications technology (ICT), healthcare, food and pharmaceutical industries, medical tourism,
financial and banking sector, infrastructure, water, energy and agriculture.
Sultan stressed the need to revisit the tax
basket in its various forms and exert efforts to remove the obstacles facing
the business environment to attract more investments to advance the national
economy and create more job opportunities for Jordanians.
In addition, he noted
Economic Modernization Vision is a roadmap for the next 10 years, and an important turning point,
which unleashes potentials of the Jordanian economy to achieve comprehensive
and sustainable economic growth, increase the Kingdom’s gross domestic product
and hire more than 1 million young people in the Jordanian labor market.
The vision’s economic growth priorities were
divided into five main growth drivers consisting of priority main and
sub-sectors, including high-value industries, education, entrepreneurship,
research and development, logistics, IC, health care, tourism, energy, water, and other priority sectors in Jordan, he
pointed out.
Success in achieving the vision’s axes, which
was launched under Royal directives, requires providing an “attractive”
investment environment, continuing reforms and removing current obstacles, most
notably are legislation instability, the region’s unstable situation and
bureaucratic procedures, he said.
The government, he noted, exhibited awareness
about serious issues facing foreign investment attraction and support to the
local investor, which are the cornerstone of business expansion.
The new Investment Environment Law 2022 was
endorsed, which sets investor rights and privileges and provides fair,
equitable and transparent treatment in accordance with international best
practices in this regard, he said.
Jordan’s financial and banking sector is
“solid and resilient” and is making progress, thanks to the “prudent” monetary
policies launched by
Central Bank of Jordan (CBJ), under a “true” partnership
and continuous contact, due to the sector’s importance and its role in
maintaining Jordanian currency’s stability and increasing the Kingdom’s foreign
reserves, he noted.
Read more Business
Jordan News
.jpg)
.jpg)
