Foreign investments in Jordan reach $100 million
Recent reports reveal that Arab and foreign investments in various Jordanian projects rose to $100 million during the first half of the current year. This figure reflects a 43 percent increase compared with the corresponding period of the previous year, when investments stood at $70 million, according to London based Al-Sharq Al-Awsat daily.
Jordan’s Investment Promotion Corporation maintained that the increase occurred mainly in the nation’s industrial sector, where investments climbed by some 30 percent. This year, investments stood at approximately 62.3 million Jordanian dinars ($87.6 million), compared with JD 47.9 million in funds received during the same period last year.
The Investment Promotion Law (No. 16) aims at boosting investments in the nation, and was ratified in 1995. The law offers numerous financial incentives to those investing in Jordan’s industry and agriculture sectors, tourism, health, as well as maritime and rail transportation facilities. — (MENA Report)
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