AMMAN — Projects put forth for
benefiting from Jordan’s Investment Law in 2022 had a total value of JD1.1
billion — an increase of 79.3 percent from 2021 projects, which were valued at
JD621 million, according to the
Ministry of Investment.اضافة اعلان
In a statement on Tuesday carried by the
Jordan News Agency, Petra, the ministry said that a total of 434 investment
projects, expected to create about 21,000 job opportunities, were registered with
the
ministry to benefit from the law, with the industry sector taking the
lion's share of overall investments, at a value of JD648.6 million (58.3
percent).
In terms of project value, the industry
sector was followed by the tourism sector at JD233 million (21 percent), the
hospitals sector at JD136 million (12.3 percent), the information technology
sector at JD55.5 million (5 percent), and the agriculture sector at JD37.8
million (3.4 percent).
Domestic investments spiked by 79.9 percent in 2022 to reach JD976.3 million, while foreign investments climbed by 98.3 percent to reach JD137 million
Domestic investments spiked by 79.9 percent
in 2022 to reach JD976.3 million, while foreign investments climbed by 98.3
percent to reach JD137 million, according to the statement.
Economic recovery, new legal developmentsThe ministry described the increase in
investments as an indicator of economic recovery, with the law introduced as
part of government measures to create an investment-friendly environment that
enhances investor confidence in the Kingdom.
The ministry also highlighted the recent Investment Environment Law No 21 for the year 2022, which is aligned with international
standards and best practices, guaranteeing a set of incentives, benefits, and
exemptions that encourage investment in the Kingdom.
The new law also reduces red tape that
would hinder business, economic activities, and efforts to attract investments.
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