Jordanian promotion law drives investments up 44 percent
The Jordan Investment Board (JIB) announced that the volume of investments in projects that benefited from exemptions and incentives provided by the Investment Promotion Law, and launched in the tourism and industry sectors in the year 2000, reached 793 million Jordanian dinars ($1.1 billion) compared with JD 549 million in 1999, registering 44 percent growth.
According to JIB figures, foreign investments accounted for 55 percent of the total investments in the year 2000 compared with 22 percent in 1999. Egypt, the US, Britain, Taiwan and Hong Kong stand as major non-Jordanian investors in the country.
JIB estimated that the value of investments in projects that had benefited from the Law incentives amounted to JD130 million in the first three months of the current year 2001, compared with JD102 million in the same period in the year 2000, recording a 27 percent growth rate. ― (MENA Report)
© 2001 Mena Report (www.menareport.com)