Jordanian Investment Promotion Law brings $322 million in H1 2001
Director General of the Investments Promoting Corporation, Rim Badran, estimated the value of investments in the first half of 2001 based on the Investment Promoting Law at 229 million Jordanian dinars ($322 million). The figure represents a 36 percent rise compared with the corresponding period of last year.
This figure includes JD 164 million local investments and JD 65 million foreign investments, reports Addustour daily. Comparatively, in the first half of 2000, investments in projects based on the law amounted to JD 174 million.
The Investment Promotion Law (No. 16) was ratified in 1995 and acts as the country's guide for promoting domestic and foreign investments. It offers various exemptions and facilities to the industry and agriculture sectors, hotels, hospitals, as well as maritime and rail transportation facilities. –(MENA Report)
© 2001 Mena Report (www.menareport.com)